The post How High Will Bitcoin Price Go Today? appeared first on Coinpedia Fintech News Bitcoin (BTC) is trading at $72,090.87, up 10.3% over the past 24 hours and 12.5% on a longer-term reading, after the asset pushed into a price zone that one chart analyst had flagged weeks in advance. Target Zone Reached in a Single Session According to a technical breakdown shared by an Elliott Wave analyst, Bitcoin’s …

Bitcoin’s latest rally has put short-side positioning back under the microscope after market analyst ByzGeneral flagged what he described as the largest daily BTC short liquidation event on record. The move came as Bitcoin pushed toward the $70,000 area, forcing traders positioned against the market to buy back exposure or face automatic liquidation. That is what makes short squeezes so violent. When the price rises, shorts have to cover. Their covering adds more buying pressure. That buying pressure can push price even higher, forcing more shorts out. In crypto, where leverage is deep and liquidations are fast, the whole thing can happen in a matter of minutes. TL;DR Bitcoin’s rally triggered a major short liquidation event. ByzGeneral flagged it as potentially the largest daily BTC short liquidation on record. The move should be treated as a volatility event, not proof of a permanent market trend. https://x.com/ByzGeneral/status/2090106126612287839 Why Short Liquidations Matter Short liquidations tell traders where positioning was wrong. If a large number of traders are betting on downside and Bitcoin suddenly moves higher, those positions become fuel. They are no longer passive bets. They become forced buyers. That can exaggerate price moves. A market that might have climbed slowly can jump quickly once liquidations begin. The forced buying does not care about valuation, news, or long-term conviction. It happens because leverage rules demand it. That is why liquidation data is so closely watched in Bitcoin markets. It helps explain why a move happened so quickly. Record Claims Need Care The “largest on record” framing needs to be handled carefully. Liquidation data varies by source, venue coverage, methodology, and whether the figure includes only BTC pairs or wider crypto exposure. Some dashboards track more exchanges than others. Some include estimated liquidations. Some update retroactively. So the safest framing is that the event was flagged as a record by a market analyst using charted liquidation data. That is still notable, but it avoids treating a social chart as final market history without qualification. The event matters either way because it shows short-side leverage was heavy enough to create a dramatic unwind. A Squeeze Is Not The Same As Organic Demand This distinction is crucial. A short squeeze can lift price sharply, but forced buying is different from steady spot accumulation. Once shorts are liquidated, that source of buying pressure fades. The market then has to prove whether real demand exists at higher levels. That is why follow-through matters after a squeeze. If Bitcoin holds near the highs, consolidates, and sees continued spot demand or ETF inflows, the move looks healthier. If price quickly falls back after forced liquidations end, traders may treat the rally as a positioning washout. The squeeze creates the opportunity. Spot demand has to sustain it. Bitcoin Derivatives Still Drive The Tape Bitcoin’s derivatives market remains a major force in short-term price action. Perpetual futures, options, margin, and exchange liquidation engines can all influence spot behavior. That does not mean derivatives control Bitcoin’s long-term value, but they can shape how price moves from one level to another. A crowded short market can become unstable. When a big level breaks, the market does not move smoothly. It snaps. That appears to be the story behind the latest push toward $70,000. What Comes Next The next signals to watch are funding, open interest, and spot volume. If funding becomes overheated and open interest rebuilds too quickly, the market may be setting up for another leverage-driven move. If open interest falls and spot volume remains strong, the rally may look more durable. For now, Bitcoin’s short squeeze is a reminder that positioning can matter as much as narrative in the short term. The market did not just rise. It forced a large group of traders to reverse. That is powerful, but it is not the same as a guaranteed new trend. This article is based on public Bitcoin derivatives and liquidation data shared by market analyst ByzGeneral . This article was written by the News Desk and edited by Samuel Rae. This report is based on information released in disclosures at primary source documentation .

The post XRP News: Ripple joins Clearpool and Cicada for XRPL lending appeared first on Coinpedia Fintech News Ripple has partnered with Clearpool and Cicada Partners to bring institutional lending to the XRP Ledger, using native blockchain infrastructure rather than third-party smart contracts to connect real-world borrowers with onchain capital. Three Firms, Three Roles The structure splits responsibilities across the three companies. Clearpool is building the credit infrastructure layer on XRPL, drawing on …

Arbitrum flipped the 20 and 50-day EMA, reaching a monthly high of $0.09.