Bitcoin Surges Past $98K, Investors Prepare for Volatility

Bitcoin (BTC) surged past the $98,000 mark on February 21, 2025, with investors focusing on the $98,892 resistance level in the short term. As the price climbed, market participants were advised to prepare risk management strategies to navigate potential volatility.

Data from BlockBeats News indicated that BTC's price reached $98,230, up $1,080 from the previous closing price, representing a gain of about 1.11%. The daily high was $98,782, and the low was $96,793. In the past 24 hours, the cryptocurrency market experienced approximately $247.16 million in liquidations, with Bitcoin accounting for $49.03 million. Additionally, open interest data showed that the total open interest of Bitcoin futures contracts had reached approximately $64.35 billion, indicating a continued increase in market attention to Bitcoin.

Bitunix analysts highlighted that the recent rise in Bitcoin's price may be influenced by various factors. They emphasized the importance of investors operating cautiously, managing risks, and avoiding emotional decisions. As the market continues to evolve, investors should remain vigilant and adapt their strategies accordingly.