The post Bitcoin Climbs Above $110K Amid Rising Derivatives Activity and Leverage Signals appeared on BitcoinEthereumNews.com.

Bitcoin soared almost 3.5% in the past day, breaking through the $110,000 threshold for the first time in many weeks and touching what seems to be a recent high of $110.3K (chart via TradingView). Of course, any Bitcoin rally is going to be very closely watched by not only investors but also many analysts trying to get a read on what might be happening in the more speculative corners of the crypto market. So, this rally is already under the microscope, and what we’re seeing is this: the signal we’re getting from the derivatives market is decidedly mixed. Even while Bitcoin’s spot price keeps surging in the wake of overall crypto market enthusiasm, the structure underlying the asset’s market tells a more complicated story. Data from on-chain and exchanges over the last day illuminate something that a lot of people who’ve been in crypto for any length of time have gotten used to: the reality that Bitcoin is back in the uptrend, again. Being in the uptrend is kind of comforting; it breaks my heart that so much of that comfort is built on the rise of gaze-based financial products. Spike in Short Liquidations Accompanies Price Rally One of the recent surge’s primary possible causes seems to be a sudden increase in the number of short positions being liquidated. Yesterday, Bitcoin futures short liquidations hit $5.74 million in a single day. This unwind of forced bearish bets added a lot of push to Bitcoin’s price. And as a result, we accelerated our way up to $110.3K. The 24-hour simple moving average (SMA) for short liquidations is currently at $768,252.14, indicating that the recent spike is above the norm by a wide margin. This is taken to suggest that there is a rush on to exit short positions, with traders in…

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Filed under: News - @ June 11, 2025 6:26 am