Bitcoin crossed the $100,000 mark in early May 2025, leading to significant short liquidations on major cryptocurrency exchanges.
Massive Liquidations on Binance and Bybit
The primary exchanges affected were Binance and Bybit, where high-leverage short positions were liquidated. The liquidation spree led to a total of $618 million in liquidations, with Bitcoin alone accounting for $317 million.
Bitcoin Breaks $94K Resistance
The surge allowed for the erasure of resistance zones at $92,000 and $94,000, signaling a shift toward bullish sentiment. Market participants expect institutional investments may significantly influence future price dynamics.
Comparing with Previous Markets
There are numerous parallels between current events and past market liquidations in 2020 and March 2023, which were also associated with the beginning of bullish markets. Analysis indicates that support from institutional investors and regulators could drive Bitcoin prices higher.
The uncertainty of previous periods is replaced by optimism as market players turn their attention back to Bitcoin, and expectations regarding its future price trends become increasingly positive.
