Bitcoin Briefly Surpasses $110,000 Amid $101 Million Short Liquidations, Market Faces Key Resistance Levels
The post Bitcoin Briefly Surpasses $110,000 Amid $101 Million Short Liquidations, Market Faces Key Resistance Levels appeared on BitcoinEthereumNews.com.
Bitcoin briefly surged past $110,000 on Thursday morning, triggering over $101 million in short liquidations and signaling renewed bullish momentum in the crypto market. This price spike coincided with significant market reactions to the latest U.S. employment data, influencing investor sentiment and driving volatility across major cryptocurrencies. According to a Bitunix analyst, “BTC has broken through its short-term descending trendline,” indicating potential for continued upward movement if key support levels hold. Bitcoin’s surge past $110K triggers $101M short liquidations amid U.S. employment data impact, boosting crypto market momentum and ETF inflows. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Bitcoin Surpasses $110,000 Amid Market Volatility and Short Liquidations On Thursday morning, Bitcoin briefly exceeded the $110,000 mark, a milestone that sparked over $331 million in liquidations across the cryptocurrency market, predominantly affecting short positions. This surge represents a significant move, as Bitcoin’s price currently stands at approximately $109,720, up 1.8% on the day and nearing last month’s all-time high of $111,814. The rapid price movement led to the liquidation of more than $101 million in short Bitcoin positions within 24 hours, underscoring the intense market volatility and the risks faced by traders betting against the leading cryptocurrency. Impact of U.S. Employment Data on Crypto Market Dynamics The price action followed the release of the ADP National Employment Report, which revealed a decline in U.S. private payrolls for the first…
Filed under: News - @ July 3, 2025 1:26 pm