Bitcoin continues its strong momentum, currently trading around the $95,000 mark after breaking through significant resistance levels. The recent rally has been brutal for short-position holders, with approximately $700 million in shorts liquidated during the breakout surge.
Meanwhile, the derivatives market is expanding its reach. CME is rolling out futures contracts for several major altcoins starting in February, including Cardano (ADA), Chainlink (LINK), and Stellar (XLM). This institutional-grade derivatives expansion could open new trading opportunities and potentially attract traditional finance participants into these ecosystems.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
7 Likes
Reward
7
6
Repost
Share
Comment
0/400
WhaleShadow
· 4h ago
$9,500, the shorts are really getting wiped out badly.
View OriginalReply0
DisillusiionOracle
· 4h ago
This wave of short squeeze is truly exhilarating beyond words.
View OriginalReply0
LayerZeroHero
· 4h ago
700 million USD liquidation... The fact proves that the expansion of institutionalized derivatives is really changing the game rules
---
CME introduces new ADA, LINK, XLM futures? The significance of this protocol architecture in promoting cross-chain ecosystem interoperability needs to be thoroughly tested and verified
---
The chain reaction after breaking through the 95,000 resistance level, short positions are being wiped out so aggressively, indicating that the mechanism design itself has an attack vector
---
With the arrival of institutional-level derivatives, will there be more security risks in asset migration? I need to review the vulnerabilities of the bridging mechanism
---
Another wave of signals indicating large institutional entry, but what truly sustains this ecosystem is the reliability of the underlying technology
View OriginalReply0
DegenRecoveryGroup
· 4h ago
At the moment when the 95,000 broke, I was immediately thrilled. The bears were crying their eyes out. Liquidation of 7 million USD should be like this.
View OriginalReply0
DeFiAlchemist
· 4h ago
*adjusts alchemical instruments* $700M in liquidated shorts... the transmutation of leverage into ash. fascinating how the market's mathematical equilibrium punishes those who bet against the philosopher's stone itself
Reply0
OptionWhisperer
· 5h ago
7 million USD liquidation, the shorts have really been hammered this time haha
Bitcoin continues its strong momentum, currently trading around the $95,000 mark after breaking through significant resistance levels. The recent rally has been brutal for short-position holders, with approximately $700 million in shorts liquidated during the breakout surge.
Meanwhile, the derivatives market is expanding its reach. CME is rolling out futures contracts for several major altcoins starting in February, including Cardano (ADA), Chainlink (LINK), and Stellar (XLM). This institutional-grade derivatives expansion could open new trading opportunities and potentially attract traditional finance participants into these ecosystems.