Bitcoin (BTC) Price Spike Triggers Liquidations, But Volume Remains Unexpectedly Low

recently experienced a significant price spike, reaching into the $66,000 zone, which triggered a series of market liquidations. Despite this dramatic increase, the volume of liquidations was unexpectedly low, considering the substantial price movement.The total liquidation volume recorded was just over $64 million, which, while significant, is comparatively low.

Bitcoin experienced a significant price increase recently, surging into the $66,000 zone. This triggered a series of market liquidations, but the volume of liquidations was surprisingly low, given the substantial price movement.

The total liquidation volume recorded was just over $64 million, which, while significant, is comparatively low. This could be due to several factors, including the strength of the price increase, which may have led to fewer traders being overleveraged.

Another possibility is that the composition of market participants has changed compared to earlier in the month. For instance, there may have been a higher proportion of institutions or long-term holders, who are typically less likely to be liquidated quickly.

Finally, the weighted funding rate has been rising, indicating strong demand to hold long positions. This shows that traders are willing to pay more to maintain their positions in anticipation of further price increases.

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