Bitcoin's 1.33% Gain Triggers $56.29 Billion Trading Volume Surge

Between June 21 and July 3, Bitcoin's price movements exhibited significant volatility, characterized by multiple short positions and liquidations. A trader known as Qwatio, who employed high leverage, faced repeated liquidations as Bitcoin's price surged during this period. This trend underscores the challenges traders encounter when using aggressive strategies in volatile markets.

Bitcoin's price began around $108,000 on June 21. As the price rose, Qwatio opened short positions. The initial liquidation occurred on June 22 when the price climbed sharply, forcing the exit of positions and highlighting the risks associated with shorting in a volatile market. As Bitcoin's price continued to rise, additional liquidations occurred. On June 24, a trader was liquidated seven times after the price rose, indicating that short positions taken at higher leverage were repeatedly wiped out by rising prices. Another liquidation followed on June 25, and as the price touched $108,200 on June 28, more traders experienced liquidations. These events underscore the high stakes in a market with strong upward momentum.

Comparing the market movements of Bitcoin and Ethereum, Bitcoin's price was $109,441.51, reflecting a 1.33% increase over the past week. The market capitalization stood at $2.17 trillion, and the 24-hour trading volume had risen by 20.15% to $56.29 billion. Bitcoin has recorded positive changes, facing an upward trend in prices since June 30 up to July 3. In contrast, Ethereum has been more affected by volatility, with its price declining and increasing on July 2 and 3. The current trend suggests Bitcoin's prevailing success in the market, performing better than Ethereum in both price stability and development.

The successive shorting and short left openings indicate that large margins contributed to a major part of these occurrences in the market. As the market pressure increased, these positions had to be closed at a loss, putting traders using leverage at greater risk. This wave of liquidations and short positions opened between June 21 and July 3 provides a vivid example of the dangers of trading with high leverage. The result is repeated failures of short positions as Bitcoin is so volatile, particularly for traders who trade with major leverage. The information clearly demonstrates that the increased prices created a significant amount of pressure on short positions, and when the traders resorted to liquidation events, very large losses were realized.