Bitcoin (BTC), the crown jewel asset of crypto, has burst out with 5.5% gains to claim $100K on Thursday after a series of favorable macroeconomic factors. Yesterday evening, the all-around crypto & stock markets have quickly adapted to the news of Fedโs decision to leave interest rates alone for a while.
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Then, a major announcement by the United States President Donald Trump has left market watchers guessing if the global trade war is over. Even though major tech stocks are still trading downward, Bitcoin (BTC) was among the first ones to spit out short-sellers, otherwise known as crypto bears.
This comes the next day after the Chinese government let the world know about their $138 billion liquidity boost, stemming from the various interest rate cuts announced by the Peopleโs Bank Of China (PBOC) in a press conference.
Bitcoin Price Surge Crushes Short-Seller Dreams
The bullish Bitcoin news aligned well with the planned meeting between the U.S. & China diplomats coming up this weekend, but crypto market bears came unprepared for this. According to the real-time stats from CoinGlass, Bitcoin (BTC) short sellers didnโt stand a chance among the whirlpool of crypto-favoring global events.
Out of $130.05 million in over-leveraged Bitcoin price positions on Derivatives markets, a mouth-dropping $111.54 million were short positions on BTC price. Popularly renowned as crypto bears, short-selling Bitcoin market participants drowned in the green sea of todayโs crypto market, with some major players incurring multi-million dollar deficits.
For instance, the Bitcoin (BTC) whale picked by LookOnChainโs intelligence platform shows a miserable case of a $1.6 million loss. Certainly, on-chain records show that the Bitcoin whale closed 11 short Bitcoin (BTC) price positions on Perpetual markets simultaneously once BTC price broke through $98,000 for the first time since February 21, 2025.
On The Flipside
- Market experts see a high chance of the peace treaty talks between the United States & China getting derailed.
- Coming up this weekend in Switzerland, the meeting in neutral territory aims to resolve the global trade crash.
Why This Matters
Bitcoin has shown stronger resilience against global tensions than stocks, still unable to wash away the consequences of โLiberation Dayโ tariffs imposed by Donald Trump.
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