Bitcoin Hits $100,000 – Bears Sweat, Derivatives Market Shakes
Bitcoin (BTC) – the diamond of the crypto world – officially surpassed the $100,000 mark on Thursday evening, recording an increase of more than 5.5% in just 24 hours. This growth momentum does not come from chance, but is the result of a combination of positive macroeconomic signals from both the US and China, along with strategic statements from global leaders.
Fed Keeps Interest Rates, Markets Breathe a Breath of Relief
The decision of the US Federal Reserve (Fed) to keep interest rates unchanged has been welcomed by the market as a breath of fresh air. In the context of the US economy facing uncertainties from both inside and outside, the Fed's temporary "pause to listen" is seen as a good signal for risky assets such as cryptocurrencies.
Immediately after the announcement, major indices such as the Dow Jones and S&P 500 also increased, creating a chain effect that spread to the crypto market.
Trump's speech, the market is in turmoil
But that's not all. A "market-activating" statement came from former US President Donald Trump, hinting at the possibility of ending the long-running trade war with China. This statement quickly ignited the confidence of global investors - regardless of whether you love it or hate it, Trump is still the one who made the market "freeze".
China injects $138 billion, crypto benefits
No less fierce, China is not left out of the game. The People's Bank of China (PBOC) announced a $138 billion liquidity package, to support the economy under pressure from global instability. Beijing's consecutive interest rate cuts have caused money flows to find their way to limited assets such as Bitcoin.
Short Selling Panic: $111 Million Wiped Out in Just Hours
According to CoinGlass, investors betting on Bitcoin's decline paid a heavy price. Of the $130 million in positions liquidated in 24 hours, $111.5 million came from short sales.
A Bitcoin whale tracked by analytics platform LookOnChain lost $1.6 million after simultaneously closing 11 BTC short positions as the price began to surpass $98,000. The derivatives market became the main stage for the "bears' nightmare", as they failed to react to BTC's rapid ascent.
Risks Remain: US-China Talks Could Derail
However, not all signs are rosy. Experts warn that the meeting between US and Chinese diplomats scheduled to take place in Switzerland this weekend may not achieve the expected results. A breakdown in negotiations could be a headwind, creating a temporary drag on risk assets like Bitcoin.
Why is this a crucial time for Bitcoin?
What makes BTC stand out more than ever is its ability to “immune” to global turmoil. While big tech stocks are struggling to recover from tariffs and tough trade policies, Bitcoin has shown its role as a new safe haven – unfettered by borders or governments.
Conclusion
Bitcoin has reached an iconic milestone – $100,000 – which is not just a number but an affirmation of a long-term trend. While there are many challenges ahead, it is clear that this cryptocurrency is proving that any dream can come true with faith and perseverance.