Decentral Block Post

Bitcoin (BTC) returned to $21,000 for the first time since September after the Oct. 26 Wall Street open as buyers solidified gains.

BTC bulls "eat" ask liquidity

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit local highs of $21,012 on Bitstamp.

At the time of writing, the pair continued to explore territory out of reach for over six weeks.

Liquidations also kept flowing, with the past 24 hours delivering $750 million in liquidated positions on Bitcoin alone, according to data from Coinglass.

Cross-crypto liquidations totaled $1.43 billion, adding to what was already the highest tally in 2022 so far.

Bitcoin (BTC) returned to $21,000 for the first time since September after the Oct. 26 Wall Street open as buyers solidified gains.

BTC bulls “eat” ask liquidity

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit local highs of $21,012 on Bitstamp.

At the time of writing, the pair continued to explore territory out of reach for over six weeks.

Liquidations also kept flowing, with the past 24 hours delivering $750 million in liquidated positions on Bitcoin alone, according to data from Coinglass.

Cross-crypto liquidations totaled $1.43 billion, adding to what was already the highest tally in 2022 so far.

Bitcoin (BTC) volatility is finally giving BTC bulls what they want — but why now?

After drifting lower for months and spending recent weeks in a tiny trading range, BTC/USD has delivered 24-hour gains in excess of 7%.

Hitting its highest levels since mid-September, the largest cryptocurrency is rewarding those who refused to sell and punishing shorters to the tune of around $1 billion.

The change of trend has come quickly and caught many by surprise, as evidenced by that liquidation tally.

Behind the scenes, however, little has changed — macroeconomic conditions have not undergone major upheaval compared to a week ago, and internal problems for Bitcoin, such as miner strain, remain the same.

Bitcoin (BTC) volatility is finally giving BTC bulls what they want — but why now?

After drifting lower for months and spending recent weeks in a tiny trading range, BTC/USD has delivered 24-hour gains in excess of 7%.

Hitting its highest levels since mid-September, the largest cryptocurrency is rewarding those who refused to sell and punishing shorters to the tune of around $1 billion.

The trend change came quickly and caught many by surprise, as evidenced by that liquidation tally.

Behind the scenes, however, little has changed — macroeconomic conditions have not undergone major upheaval compared with a week ago, and internal problems for Bitcoin, such as miner strain, remain the same.