Key dealers
- Bitcoin grew over $ 120K, the highest since August, which ran $ 400 million in liquidations under the direction of BTC and ETH.
- Seasonal trends show October an average of 21% profits, which increases raised positioning.
Bitcoin climbed over $ 120,000 today, the highest level since the beginning of August, which led to almost $ 400 million in liquidations over the past 24 hours. Data shows that about $ 282 million came from short positions and $ 120 million from Longs, with Bitcoin and Ethereum that led Wipeouts.
The largest crypto supply per market has increased more than 7% since the beginning of the week. Traders look closely at Q4 performance, as October has historically been one of Bitcoin’s strongest months, on average 21% return. The market participants position to see if the current upward can extend into the last quarter.
