{"id":27432,"date":"2025-05-19T09:31:44","date_gmt":"2025-05-19T09:31:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=27432"},"modified":"2025-05-19T09:31:44","modified_gmt":"2025-05-19T09:31:44","slug":"bulls-and-bears-get-caught-off-guard-as-bitcoin-jumps-to-106k-then-falls-back-to-103k","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=27432","title":{"rendered":"Bulls and Bears Get Caught off Guard as Bitcoin Jumps to $106K, Then Falls Back to $103K"},"content":{"rendered":"
\n

Over $600 million in crypto derivatives positions have been liquidated since late Sunday as bitcoin (BTC) staged a sharp rally past $106,000 in the wee hours, only to reverse course and dump back to near $103,000, catching both bulls and bears off guard.<\/p>\n

The move began around 21:00 UTC on Sunday, when bitcoin spiked more than $2,500 in less than an hour \u2014 a pattern that can be attributed to thin weekend liquidity and potential algorithmic buying triggered by technical levels.<\/p>\n

\"Bitcoin<\/p>\n

Such price action was a textbook short squeeze followed by aggressive profit-taking or stop-run. A short squeeze happens when traders betting against a price (short sellers) are forced to buy the asset as it rises, to cover their losses, which pushes the price even higher and often very quickly.<\/p>\n

The sudden move wiped out over $460 million in long positions<\/a> and $220 million in shorts, across futures tracking majors like ether (ETH), solana (SOL), and dogecoin (DOGE). <\/p>\n

The liquidation wave was notable for occurring during traditionally quiet weekend hours, an unusual event that marks forced selling or buying activity by a major player.<\/p>\n

SOL, DOGE and XRP prices are down more than 4% in the past 24 hours, data shows<\/a>, with the broad-based CoinDesk (CD20) down more than 2%.<\/p>\n

The volatility follows a week of macro uncertainty, with Moody\u2019s cutting the U.S. credit rating on Friday and inflation fears resurfacing after mixed economic data. The downgrade also led to U.S. 30-year treasury yields breaching the 5% mark.<\/p>\n

While crypto has broadly benefited from renewed institutional inflows and spot ETF momentum, traders remain cautious at current price levels, as reported<\/a>.<\/p>\n

Bitcoin is flat over the past week, but the recent failure to hold above $106,000 \u2014 a key psychological and technical level \u2014 may signal near-term resistance, FxPro\u2019s Alex Kuptsikevich told CoinDesk last week.<\/p>\n

Meanwhile, some traders anticipate higher volatility in the days to come in a warning sign for those looking to leverage their bets.<\/p>\n

\u201cInvestors are shifting capital to Bitcoin as concerns grow over a pending US spending bill that could add trillions in debt and push for higher Treasury premiums,\u201d Haiyang Ru, co-CEO of the HashKey Business Group, told CoinDesk in a Telegram message.<\/p>\n

\u201cBut while bitcoin hovers just below new highs, we anticipate more market volatility as traders prepare for new trade deals and a final version of the fiscal policy,\u201d Ru added.<\/p>\n

Read more: U.S. 30-Year Treasury Yield Breaches 5% Amid Moody’s Rating Downgrade, Fiscal Concerns<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Over $600 million in crypto derivatives positions have been liquidated since late Sunday as bitcoin (BTC) staged a sharp rally past $106,000 in the wee hours, only to reverse course and dump back to near $103,000, catching both bulls and bears off guard. The move began around 21:00 UTC on Sunday, when bitcoin spiked more […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-27432","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27432"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27432\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}