CryptoWallCity vs MEXC Exchange

When Bitcoin bullish above $47,000 more than $400 million was liquidated.

Bitcoin bullish above $47,000 this morning – a price we haven’t seen since Jan. 2.

Recently when the number of wallet addresses holding BTC reached 40 million, it increased to $45,000, however, there was hesitation in this area for 2 sessions. Yesterday and today BTC broke out of this zone and extended its bullish momentum.

Just this morning, Bitcoin bullish hot above $47,000, volatility afflicting the market as well, leaving over $410 million in liquidations in the past 24 hours.

Bitcoin price is steadily rising as the cryptocurrency enters the seventh consecutive green day. With this gain, the cryptocurrency charts a gain of around 13.5% over the past seven days.

Data from Coinglass reveals that the largest single liquidation took place on Bitmex. It’s a perpetual BTC with a whopping $10 million denomination.

To some extent, almost 80% of liquidated positions are short.

After Bitcoin bullish to $47,000, Daan, a Youtuber with Crypto Rover Channel has over 78,000 subscribers, there are also predictions for BTC:

“Wouldn’t be surprised to see Bitcoin back above $60,000 within 40 days!”

And he also predicts that BTC will hit $50,000 by the end of this week.

Bitcoin’s Fear & Greed Index also rallied back to 60, Greed Zone as BTC hit $46,867. This shows that the market has prospered and there are positive expectations for the crypto market.