Bitcoin appears to have broken free from its stagnant phase, demonstrating impressive gains twice within the past 48 hours.<\/p>\n\n\n\n
During this period, BTC has surged by over three thousand dollars, coinciding with a surge in daily liquidations to well above $100 million.<\/p>\n\n\n\n
The leading cryptocurrency experienced a significant downturn following the approval of nearly a dozen spot ETFs by the US SEC on January 10, particularly when they began trading the following day.<\/p>\n\n\n\n
Over the subsequent two weeks, Bitcoin saw a decline of over ten thousand dollars, hitting a low of $38,500 on January 23. However, bullish momentum emerged, propelling BTC to $43,000, where it remained for just over a week.<\/p>\n\n\n\n
Breaking the pattern of stagnation, Bitcoin initiated a climb yesterday, reaching $45,000 for the first time since the ETF approvals a month earlier. In the past 12 hours, it surged to another monthly high of over $46,000.<\/p>\n\n\n\n
This upward movement hasn’t been exclusive to Bitcoin; several altcoins, notably SOL and ADA, have also seen significant gains during this period.<\/p>\n\n\n\n
However, this volatility and price surge have resulted in losses for over-leveraged traders. According to data from CoinGlass, 37,000 traders were liquidated in the past day, with the total value of positions liquidated reaching $115 million.<\/p>\n\n\n\n
Short positions have accounted for over $80 million of the total amount liquidated. The largest single liquidation, valued at over $5 million, occurred on Bitmex and involved the BTC\/USD trading pair.<\/p>","protected":false},"excerpt":{"rendered":"
Bitcoin appears to have broken free from its stagnant phase, demonstrating impressive gains twice within the past 48 hours.<\/p>","protected":false},"author":1,"featured_media":4377,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[50,44],"class_list":["post-4376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-blockchain"],"_links":{"self":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/4376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/comments?post=4376"}],"version-history":[{"count":1,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/4376\/revisions"}],"predecessor-version":[{"id":4378,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/4376\/revisions\/4378"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/media\/4377"}],"wp:attachment":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/media?parent=4376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/categories?post=4376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/tags?post=4376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}