Quick Take: Crypto Liquidations Top $970M as Short Sellers Suffer Massive Losses

By: bitpinas|2025/05/09 11:30:03
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Following the recent surge of Bitcoin past the $100,000 mark, short sellers experienced significant liquidations totaling around $970 million, or about ₱54.1 billion. Liquidation Breakdown in the Last 24 Hrs Exchanges’ Impact Bitcoin at $100k mark On May 9, 2025, $BTC’s price surged past $103,000, driven by a combination of macroeconomic factors, renewed institutional demand, and geopolitical developments. Bitcoin at $150K Prediction Arthur Hayes, former BitMEX CEO, predicts $BTC will soar to $150,000 this year, driven by continued money printing from the Fed and rising inflation, which he says creates a “perfect setup” for a rally in risk assets. Speaking at Token2049 in Dubai, Hayes noted that the Fed’s decision to hold rates steady amid economic uncertainty mirrors past conditions that sparked crypto surges. He believes $ETH and $SOL will follow $BTC’s lead, though he admits his short-term predictions have not always been accurate. Altcoins Also Rallied This article is published on BitPinas: Quick Take: Crypto Liquidations Top $970M as Short Sellers Suffer Massive Losses What else is happening in Crypto Philippines and beyond?

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