Bitcoin News

Story: Bitcoin Wipes $180M in Shorts but Breakout Still Out of Reach

By Steven Anderson

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Why Bitcoin Hasn’t Broken Out Yet. Despite the recent short squeeze, momentum has not translated into bullish control.

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Bulls Need $108K Support Flip. For bullish traders, the roadmap is clear: Bitcoin needs to flip $112,000 into a higher-low base…

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Short Clusters Provide Opportunity. One glimmer of hope for bulls lies in the clusters of short positions that have built up in the…

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Market Sentiment Split Ahead of Q4. As September closes, Bitcoin’s price action is setting the tone for Q4—a historically strong…

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What Comes Next for Bitcoin. Bitcoin’s near-term direction hinges on whether it can establish support above $112,000 and turn…

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Bitcoin has once again captured market attention after liquidating more than $180 million in short positions over the past 24 hours.

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Data from CoinGlass shows that 53% of the $330 million in liquidations came from shorts, marking the second consecutive day of significant bearish wipeouts.

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BTC is now hovering near $112,900 after briefly probing the $112,000 level. The market finds itself at a delicate turning point where bulls need to confirm support or risk…

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Despite the recent short squeeze, momentum has not translated into bullish control. Bitcoin has dipped around 9% from its all-time high, but without solid buying support, the…

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A major factor is liquidity—or rather, the lack of it. Analysts point out that thin bid walls leave BTC vulnerable to further breakdowns.

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CoinGlass data reveals Bitcoin’s Open Interest has once again surpassed $80 billion, highlighting the role of leverage in current market dynamics.

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Technical traders argue that a close above $108,650 is critical to keep the bullish divergence alive.

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This setup represents a classic risk-reward scenario. If bids strengthen and prevent a breakdown, these short clusters could be liquidated in a wave that pushes BTC higher in a…

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On Binance, the 24-hour long/short ratio sat at 50:50, signaling an even balance between bullish and bearish bets.

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For now, the market remains in a holding pattern, with bulls needing to prove their strength by defending $108,000–$112,000 and bears betting on a breakdown that could retest…

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