Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
$800M in Shorts Liquidated — Is a Major Crypto Rally Coming?
By: bitcoin ethereum news|2025/05/09 23:30:05
0
Share
Key Notes Bitcoin’s market cap has also surpassed Amazon, making it the fifth most valuable asset globally. Ethereum (ETH) led the altcoin market rally with a 17% gain, with a breakout from a five-month descending broadening wedge pattern. Other altcoins followed the bullish trend, with Dogecoin (DOGE) and Cardano’s ADA rising by more than 10%. Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B and the broader crypto market have shot up significantly, triggering nearly $900 million in liquidations over the last 24 hours. Of them, over $800 million have been in short liquidations with the Bitcoin price surging 4.5% to over $102,000 and eyeing new all-time highs. On the other hand, altcoins have staged a strong recovery led by 17% Ethereum ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B price gains. Bitcoin price drives crypto market rally after us-uk trade deal Soon after US President Donald Trump announced a historic trade deal with the United Kingdom, Bitcoin, along with the entire crypto market, witnessed huge bullish momentum. Following a successful breakout at $100K, BTC price is up 4.26% at press time, trading above $103,000, while reclaiming the $2 trillion market cap. As long as BTC holds the crucial support at $100K, the next immediate targets would be $106K, $108K, and a fresh all-time high beyond $109K. although I’m still bullish on higher time frames, this prob isn’t the best place to get giga long for $BTC prob going to have some stopping point somewhere soon pic.twitter.com/ypH4QN2DwV — Altcoin Sherpa (@AltcoinSherpa) May 9, 2025 Additionally, with today’s price surge, Bitcoin has achieved a significant milestone, overtaking Amazon in market capitalization to become the fifth most valuable asset worldwide. Ethereum leads the altcoin market rally Ethereum (ETH) price has finally broken out of the downtrend, gaining over 17% in the last 24 hours, and moving swiftly to $2,200, thereby leading the overall altcoin market rally. Ethereum’s recent price rally has led to over $750 million in short liquidations within the past 24 hours, marking the largest single-day total for bearish positions since 2023. Ethereum price has confirmed an upside breakout from its descending broadening wedge pattern after five months of consolidation. Analysts now eye a potential rally toward the $3,840 mark. $ETH Descending Broadening wedge Upside Breakout is finally Confirmed after 5 Months of Consolidation.. Now Send it to 3840$ #Ethereum #ETH #ETHUSDT pic.twitter.com/Wxstm7QJiq — Captain Faibik (@CryptoFaibik) May 9, 2025 Other altcoins have also contributed to the overall market rally. Dogecoin DOGE $0.18 24h volatility: 5.1% Market cap: $27.07 B Vol. 24h: $1.05 B and Cardano ADA $0.71 24h volatility: 3.3% Market cap: $25.55 B Vol. 24h: $547.02 M posted impressive gains of more than 10%, driven by strong bullish sentiment and momentum trading. Meanwhile, Solana SOL $150.7 24h volatility: 2.6% Market cap: $78.04 B Vol. 24h: $3.80 B , Binance Coin BNB $600.1 24h volatility: 0.1% Market cap: $87.55 B Vol. 24h: $573.26 M , and XRP XRP $2.22 24h volatility: 0.8% Market cap: $129.99 B Vol. 24h: $2.17 B also saw notable increases, each rising by at least 7%. As the trade war fears subside, and the US economy seems on a strong footing, the overall crypto market is showing strength, while resuming the next leg of the rally. Some macro factors will continue to weigh moving ahead. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content. Bitcoin ETF News, Cryptocurrency News, FinTech News, News Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills. Bhushan Akolkar on X Source: https://www.coinspeaker.com/crypto-market-liquidations-800m-bitcoin-altcoins-rally/
You may also like
The bear market has arrived, and cryptocurrency ETF issuers are also getting involved
Today's listing of MSBT is the latest landmark in this restructuring, with the influx of institutions accelerating the embrace of cryptocurrencies by traditional finance, but also diluting the liquidity of the native market.
The richest man had a quarrel with his former boss
It has become a huge uproar, as several top figures in the Chinese cryptocurrency circle have engaged in intense verbal battles and confrontations in the past 24 hours.
BTC Firm Above 70K! Saylor’s "Institutional Logic" vs. Moon’s "Retail Faith": Who is Really Harvesting the Market?
Bitcoin is holding firm above the $70,000 support level following a massive short squeeze that liquidated $427 million. As the "Four-Year Cycle" narrative shifts, the market is split: Michael Saylor’s cold, institutional "indiscriminate stacking" vs. Carl Moon’s high-energy retail "hopium." This article decodes these two polar-opposite strategies for the 2026 bull run and reveals how WEEX’s institutional-grade liquidity and AI trading tools empower every type of investor to convert market volatility into profit.
The Girl Who Created the SBTI Test: A Story of a Doomed Cyber Love, an E-Widow Ratfolk
The usefulness of the useless is the highest usefulness.
B.AI Officially Launched: Building AI Agent Financial Bedrock Platform, Driving AGI Era Business Underlying Logic
B.AI has built a complete ecosystem from the AI Service Gateway to the AI Agent Financial Base: The LLM permissionless gateway integrates top global models and a unified API in one stop; The AI Agent infrastructure, through protocols such as x402 and 8004, empowers the AI Agent with an independent wallet and autonomous transactions.
B.AI Officially Launched: Breaking Down A2A Collaboration Barriers to Unlock the Smart Body Economy's Full Potential
With its Multi-Model Intelligent Routing breaking the compute bottleneck on one hand, and the integration of x402, 8004, Skills, and BAIClaw on the other hand, B.AI has seamlessly connected the full-stack business loop of AI Agents from large-scale intelligent scheduling to financial operational capability, accelerating the arrival of the AGI era.
We helped Xu Mingxing write a book called "<OK Life>".
That was a small-town youth who had lost three times, lost 2 million yuan selling a Beijing apartment, always felt like he was about to be spit out by Beijing, and on the screen, encountered something that was said to be unclaimable by anyone.
Rare APY of 400%, is TradeXYZ handing out money to oil bulls?
Futures Trading 101
a16z: Perpetual Contracts are Rewriting Global Trading Rules
Perpetual contracts are expected to become the mainstream trading instrument in the global financial market.
Bitcoin Hits $73,000 Triggering $427M Short Liquidation | Carl Moon: $200,000 is the Target
April 9, 2026 (UTC+0), 22:17. Bitcoin (BTC) executed a high-velocity surge within minutes, heavy-hitting the $73,000 psychological barrier and touching a local high near $74,000. While the price has since retraced to consolidate above $72,000, this "instant ambush" successfully completed a $427M liquidation of short positions.
a16z partner: perpetual contracts are rewriting the global trading rules
Perpetual contracts are shedding the label of tools in the crypto space and transforming into a foundational force reshaping the global trading structure. Thanks to breakthroughs in decentralized platforms and the introduction of RWA, perpetual contracts, with their round-the-clock operation, high c...
Bitcoin ETF Inflows Just Turned Positive After 5 Months of Outflows: What Does That Mean for BTC Price Now?
The Hidden Risks Behind Bitcoin ETF Inflows in 2026: What Traders Should Know. The question now isn't whether inflows are happening. It's what they're telling you about the next phase and whether your portfolio is positioned for it.
Decoding 2026's Bitcoin ETF Data: How to Trade Alongside Institutional Smart Money in 2026
After months of sustained outflows, rolling 30-day net ETF inflows just crossed 30,000 BTC. That's not noise. Historically, when institutional capital rotates back in at this scale, it marks a regime shift — not just a bounce.
Auto Earn Bonus 2026: WEEX vs Binance vs Bybit vs OKX vs Kraken (Only 1 Pays Extra)
Auto Earn 2026: Binance? Bybit? No extra bonus. Only WEEX gives +0.5% + 300% APR referral. Limited-time. See exactly how much more you can earn.
Auto Earn 2026: WEEX Offers 0.5% Extra + 300% APR Bonus — More Than Binance & Bybit?
Most exchanges offer Auto Earn, but only WEEX adds an extra 0.5% bonus on balance growth + 300% APR referral rewards in 2026. Here’s how WEEX compares to Binance, Bybit, OKX, and Kraken — and why you might earn more with a simple toggle.
Seven Green Candles Meet Three White Soldiers | Rewire News Morning Brief
Last night the Fed minutes already released the "hold the line on tightening" signal, CPI is the second shoe
Gold Revisits $4800, Where Is the Top This Year?
The price ceiling of gold depends on your risk tolerance ceiling.
Anthropic's Earth's Most Powerful AI So Strong It Made Wall Street Hold Emergency Meeting, But JPMorgan Was Missing Its "Antidote"
Glasswing doesn't just manufacture a technical barrier, but an informational barrier
The bear market has arrived, and cryptocurrency ETF issuers are also getting involved
Today's listing of MSBT is the latest landmark in this restructuring, with the influx of institutions accelerating the embrace of cryptocurrencies by traditional finance, but also diluting the liquidity of the native market.
The richest man had a quarrel with his former boss
It has become a huge uproar, as several top figures in the Chinese cryptocurrency circle have engaged in intense verbal battles and confrontations in the past 24 hours.
BTC Firm Above 70K! Saylor’s "Institutional Logic" vs. Moon’s "Retail Faith": Who is Really Harvesting the Market?
Bitcoin is holding firm above the $70,000 support level following a massive short squeeze that liquidated $427 million. As the "Four-Year Cycle" narrative shifts, the market is split: Michael Saylor’s cold, institutional "indiscriminate stacking" vs. Carl Moon’s high-energy retail "hopium." This article decodes these two polar-opposite strategies for the 2026 bull run and reveals how WEEX’s institutional-grade liquidity and AI trading tools empower every type of investor to convert market volatility into profit.
The Girl Who Created the SBTI Test: A Story of a Doomed Cyber Love, an E-Widow Ratfolk
The usefulness of the useless is the highest usefulness.
B.AI Officially Launched: Building AI Agent Financial Bedrock Platform, Driving AGI Era Business Underlying Logic
B.AI has built a complete ecosystem from the AI Service Gateway to the AI Agent Financial Base: The LLM permissionless gateway integrates top global models and a unified API in one stop; The AI Agent infrastructure, through protocols such as x402 and 8004, empowers the AI Agent with an independent wallet and autonomous transactions.
B.AI Officially Launched: Breaking Down A2A Collaboration Barriers to Unlock the Smart Body Economy's Full Potential
With its Multi-Model Intelligent Routing breaking the compute bottleneck on one hand, and the integration of x402, 8004, Skills, and BAIClaw on the other hand, B.AI has seamlessly connected the full-stack business loop of AI Agents from large-scale intelligent scheduling to financial operational capability, accelerating the arrival of the AGI era.
App