- Bitcoin topped $91,000 on Saturday as short-covering drove much of the move.
- About $64.2 million of Bitcoin liquidations occurred in the past 24 hours, primarily short positions.
- Ethereum and several altcoins posted gains led by leverage-driven liquidations totaling millions.
- Derivatives trader Heisenberg said BTC reclaimed its 50-day moving average but must clear resistance or risk slipping toward $75,000.
- Total reported crypto market liquidations reached about $181.8 million over the past day.
Crypto markets moved higher on Saturday night as traders drove Bitcoin above $91,000 amid heightened geopolitical headlines that briefly shifted risk sentiment. Reports that Venezuelan President Nicolás Maduro and his wife were taken into custody by the US military helped spark a short-covering rally and rapid liquidations across derivatives markets.
Bitcoin traded near $91,170, up roughly 1.1% in 24 hours, with liquidation figures showing about $58.3 million in shorts and $5.9 million in longs, a combined $64.2 million tied to BTC moves, according to linked liquidation data. Derivatives trader Heisenberg noted on X that BTC had reclaimed its 50-day moving average but still faces a key resistance band that, if not cleared, could push prices toward $75,000.
The Kobessi Letter also reported on X that more than $60 million in leveraged BTC shorts were liquidated within a single hour as the price jumped above $91,000. Ethereum traded around $3,142, up about 0.7%, with ETH liquidations totaling roughly $31.0 million, mainly on the short side.
Altcoins posted smaller gains led by short squeezes. Solana rose to about $133.7 with $8.1 million in liquidations, while XRP reached $2.03 with $6.2 million liquidated. Dogecoin outperformed BTC, climbing to roughly $0.147 and posting about $3.6 million in liquidations; retail sentiment for DOGE registered as extremely bullish. Cardano traded near $0.395 with about $1.31 million liquidated, Binance Coin hovered around $881 with roughly $398,620 in liquidations, and tron moved to $0.295 with minimal leverage activity ($5,200 short-side; $241,000 long-side).
Across the market, total reported liquidations hit about $181.81 million over the past 24 hours.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Bitcoin Tops $91K as Liquidations, Venezuela News Spur Rally
- Hut 8 expands Coinbase credit to $200M, AI deal lifts rally!
- Warren Buffett Steps Down as CEO; Greg Abel Takes Helm Ahead
- Quantum Solutions posts $4.71M unrealized ETH holdings loss.
- Phishing losses fall 83% to $83.85M as attacks shift in 2025
