The price of Bitcoin shook last week and climbed violently on Tuesday morning in Asia, laying $ 110,000 before settling around $ 109,450. Traders rushed after the assets of the asset fell nearly $ 100,000, feeding a edged reflection that leaves Bitcoin Only 2.8% compared to the record.

Combination of forced liquidation, growing volume of derivative instruments, relieving US-China trade tensions and constant withdrawal in the chain.

Severe liquidation change balance

According to Coumingglass, almost $ 203 million in Bitcoin positions have been destroyed in the last 24 hours. Of this $ 195 million were against shorts. When so many tiny factories fall off immediately, it forces buyers to cover the items that can send prices. However, history shows that these “short clamps” can quickly turn around when traders accept profits.

Based on reports, the size of Bitcoin derivatives has more than doubled, increased by 110% to $ 110 billion. Then the open interest followed in their footsteps, increasing by 7.3% to almost $ 77 billion.

These types of influence indicate that up-to-date money is accumulating. Both open interest and the growing volume tend to indicate enthusiasm – and willingness to conduct positions with swings.

Trade diplomacy increases risk assets

Conversations resumed in London on June 9 between the USA and China on Tariffs and export rules. Even a note of progress tends to enhance appetite for more risky resources, and Bitcoin is not resistant.

Headers of smoother trade ties raised actions at the beginning of this week – and cryptography traders moved in tandem. However, if negotiations hit the hook, Bitcoin may slide with global markets.

Data in the chain show constant accumulation

Cryptochant numbers Tardy that centralized exchanges have lost 550,000 BTC since July 2024, falling from 1.55 million to about 1.01 million today. When the coins leave the exchange, the swimmer clenches. At the same time, the Premium Coinbase indicator increased, and American buyers paid more than foreign investors.

Santiment also reports about the renewed accumulation among wallets containing 10-100 BTC. This pattern indicates long -term maintenance, not quick transactions.

Correlation and caution remain

Considering the rally, Bitcoin is still dancing in melodies of capital price fluctuations. Futures have mixed plants between bulls and bears, showing portrait signs that certainly not everyone is convinced that this run will be.

High volatility tends to wash delicate hands with the smallest note of trouble, any reversal of risk moods or a sudden macro shock would cost a rally.

Optimism is built when analysts talk about fresh ups of all time. Some even USD 150,000 until the end of the year, if the level of debt in the US increases further. But maintaining the rally of this size will require more than forced liquidation.

Traders will observe the flows of derivative instruments, chain reserves and commercial headers for signs of real, lasting demand before they raise prices much higher.

A distinguished image from Imagen, chart from TradingView