The post Reaches $93,000 as Market Liquidations Exceed $600 Million appeared on BitcoinEthereumNews.com.

TLDR Bitcoin reached $93,069, its highest price in seven weeks Over $600 million liquidated from crypto markets in 24 hours Open interest increased by $3.1 billion in one day ETFs recorded $936 million inflows on April 22 Market rally coincides with cooling U.S.-China trade war tensions Bitcoin’s price has surged to $93,069, marking its highest level in seven weeks and triggering a wave of market activity. The cryptocurrency jumped 5% in the last 24 hours, part of a broader crypto market rally that saw Ethereum rise 12% to $1,768 and Solana increase 7% to $149. This price movement has caused major shifts in trading activity. Over $600 million was liquidated from the cryptocurrency market in the last 24 hours, representing a 130% increase according to Coinglass data. Bitcoin Price on CoinGecko Open interest—the value of outstanding unsettled futures contracts—exploded by $3.1 billion in a single day. This metric has been climbing steadily since April 10, reaching $30 billion on April 21, the highest level since early February. The total crypto market capitalization has increased by 4% to just over $3 trillion. Whale Activity and ETF Inflows Large investors, commonly referred to as “whales,” have been quietly accumulating more Bitcoin. Data from CryptoQuant shows whale balances increased from 3.38 million BTC on January 1 to 3.50 million BTC as of April 20. Though the rate of accumulation has slowed to just 0.62% in the last month, this consistent buying by large investors suggests continued faith in Bitcoin’s long-term prospects. U.S. Bitcoin Exchange Traded Funds recorded their third straight day of inflows. On April 22, net inflows hit $936 million, according to SoSoValue data. This was the highest daily total since President Trump took office earlier this year. Options Market Explosion The options market for Bitcoin has seen even more dramatic changes.…

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Filed under: News - @ April 23, 2025 8:20 am