The price of Bitcoins could not keep the stubborn momentum after its rise to the current price of the highest all -time of USD 108,786 in January, which led to around USD 74,000 in the following months. However, it seems that the most essential cryptocurrency roared to life.

Even when the price of Bitcoins is convenient above the essential six-digit threshold, an essential question-did the stubborn run really come back? The last analysis in the chain suggests that the market leader can prepare to resume his bull.

Binance Witnesses of the greatest liquidation of shorts from April

In the Quicktake post on Cryptoc from revealed that a gigantic number of low items were opened at Binance when Bitcoin fell from the current high price of all time. According to the cryptographic experts, this part of the derivative instrument market was a source of significant sales pressure at the price of BTC in the following months.

Darkfost explained that when the price of BTC began recovery, these low items, expected – although they were slowly liquidated, becoming pressure from the purchase of cryptocurrency. However, this series of leisurely liquidation increased, however, on May 8 to the fresh one -day day from March.

According to Cryptoquant data, over $ 31 million in low positions were erased at Binance, the world’s largest stock exchange according to the commercial volume. The chart below is an indicator on a chain showing the amount of liquidation in the USD-wsknik “short liquidation of USD”.

In addition, Darkfost revealed that the relatively low level of financing indicators is about 0.004. This trend suggests the profuse presence of low positions on the market, as well as the reluctance of Binance traders, which will be long.

Darkfost came to the conclusion that further liquidation or closure of these low positions may cause the stubborn tender to recover the momentum, which facilitates the further development of the most essential cryptocurrency. The cryptographic analyst also mentioned the possibility that this potential recovery of stubborn strength can push the flagship cryptocurrency to exceed its previous price of all time.

Bitcoin price at first glance

From this letter, the price of BTC is around USD 104 335, which reflects the enhance by more than 1% on the last day. According to data, Coingecko flagship cryptocurrency has increased by almost 9% in the last seven days.