Bitcoin returns to 120,000 dollar mark, causing nearly 400 million dollar position squaring
2025-10-02 16:38:37
Bitcoin briefly climbed above $120,000 in the early morning hours, its highest level since August, triggering a nearly $400 million forced position squaring in the last 24 hours. About $282 million came from short positions and $120 million came from long positions, which were dominated by Bitcoin and Ethereum, the data showed. The largest crypto asset by market capitalization has rallied more than 7 percent since the start of the week. Traders are closely monitoring the performance of the fourth quarter, as October has historically been one of Bitcoin's strongest months, with an average return of 21 percent. Market participants are making position adjustments to see if the current upward trend can continue into the final quarter.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
比特币重回12万美元关口 导致近4亿美元强制平仓Next article：
美国参议院共和党领袖图恩：参议院周末进行投票的可能性不大
