Bitcoin’s ascending ascending rally led to the capital of many traders

Bitcoin’s recent rise in prices was not limited to new records, but it also led to the loss of tens of thousands of traders in one of the most severe Liquidity in recent years. Given the increase in capital inflows by financial institutions, Bitcoin’s price has maintained its uptrend in recent days and reached a new historical level of $ 5.

This ascending trend has shaped a wide wave of lyricism in the market, with traders who had the shortage of shorts suffered the most loss. According to data released by Coinglass, more than $ 5 billion in leicoid sales has been in the past six hours. This is the largest volume of daily lycoid in the past four years.

During the event, which has been unprecedented in the last four years, more than 5 traders were affected. Much of these lycoidite belongs to Bitcoin dealers who lost over $ 5 million, while Ethereum sellers also suffered a $ 1.5 million loss. Because the ETH price rose to $ 5. Alternatives were not spared the process.

Licoid maps at large currency exchanges show a large volume of risky trading positions that were completely eliminated as prices pass through key resistance levels. The highest losses recorded in this trend for HTX exchanges were $ 1.5 million, while about 2 bits of lycoid on the Binance platform.

While the price of Bitcoin is now near the $ 5 level, analysts believe the trend will continue. Increased lycoidite pressure in the market comes from powerful fundamental foundations. The entry of institutional capital into the Bitcoin ETF funds has increased dramatically, the macroeconomic atmosphere is improving, and the risk of risk acceptance in the markets has increased.

The combination of these factors has strengthened the confidence of the continuation of the upward trend. Bitwise CEO, Hunter Horsley, has predicted that this positive trend will continue. He thinks Bitcoin is getting away from $ 5 and is likely to reach $ 5 by the end of the year.