• bitcoinBitcoin (BTC) $ 51,377.00
  • ethereumEthereum (ETH) $ 2,971.91
  • tetherTether (USDT) $ 0.998424
  • bnbBNB (BNB) $ 381.29
  • solanaSolana (SOL) $ 104.73
  • xrpXRP (XRP) $ 0.542829
  • staked-etherLido Staked Ether (STETH) $ 2,971.71
  • usd-coinUSDC (USDC) $ 0.998102
  • cardanoCardano (ADA) $ 0.594146
  • avalanche-2Avalanche (AVAX) $ 37.15
  • tronTRON (TRX) $ 0.139658
  • dogecoinDogecoin (DOGE) $ 0.084416
  • chainlinkChainlink (LINK) $ 18.47
  • polkadotPolkadot (DOT) $ 7.48
  • matic-networkPolygon (MATIC) $ 0.967451
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 51,330.00
  • the-open-networkToncoin (TON) $ 2.08
  • internet-computerInternet Computer (ICP) $ 12.93
  • shiba-inuShiba Inu (SHIB) $ 0.000010
  • uniswapUniswap (UNI) $ 7.37
  • bitcoin-cashBitcoin Cash (BCH) $ 261.67
  • litecoinLitecoin (LTC) $ 68.95
  • daiDai (DAI) $ 0.998978
  • immutable-xImmutable (IMX) $ 3.35
  • bittensorBittensor (TAO) $ 621.63
  • leo-tokenLEO Token (LEO) $ 4.18
  • kaspaKaspa (KAS) $ 0.169123
  • hedera-hashgraphHedera (HBAR) $ 0.113596
  • filecoinFilecoin (FIL) $ 7.51
  • cosmosCosmos Hub (ATOM) $ 9.84
  • blockstackStacks (STX) $ 2.58
  • ethereum-classicEthereum Classic (ETC) $ 25.93
  • optimismOptimism (OP) $ 3.74
  • aptosAptos (APT) $ 9.28
  • nearNEAR Protocol (NEAR) $ 3.22
  • stellarStellar (XLM) $ 0.116155
  • vechainVeChain (VET) $ 0.044800
  • injective-protocolInjective (INJ) $ 34.82
  • okbOKB (OKB) $ 51.08
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • celestiaCelestia (TIA) $ 17.37
  • lido-daoLido DAO (LDO) $ 3.08
  • render-tokenRender (RNDR) $ 7.20
  • the-graphThe Graph (GRT) $ 0.283268
  • mantleMantle (MNT) $ 0.766936
  • crypto-com-chainCronos (CRO) $ 0.091652
  • arbitrumArbitrum (ARB) $ 1.85
  • moneroMonero (XMR) $ 122.24
  • sei-networkSei (SEI) $ 0.847755
  • suiSui (SUI) $ 1.68
  • makerMaker (MKR) $ 2,032.38
  • beam-2Beam (BEAM) $ 0.035367
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,271.20
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,038.64
  • thorchainTHORChain (RUNE) $ 5.15
  • elrond-erd-2MultiversX (EGLD) $ 57.81
  • algorandAlgorand (ALGO) $ 0.190080
  • quant-networkQuant (QNT) $ 104.47
  • bitcoin-svBitcoin SV (BSV) $ 75.79
  • bitget-tokenBitget Token (BGB) $ 1.03
  • ordinalsORDI (ORDI) $ 65.27
  • aaveAave (AAVE) $ 92.00
  • starknetStarknet (STRK) $ 1.84
  • mina-protocolMina Protocol (MINA) $ 1.27
  • flowFlow (FLOW) $ 0.895773
  • heliumHelium (HNT) $ 9.15
  • dydx-chaindYdX (DYDX) $ 3.01
  • true-usdTrueUSD (TUSD) $ 0.972519
  • tokenize-xchangeTokenize Xchange (TKX) $ 15.54
  • theta-tokenTheta Network (THETA) $ 1.22
  • flare-networksFlare (FLR) $ 0.034561
  • havvenSynthetix Network (SNX) $ 3.56
  • fetch-aiFetch.ai (FET) $ 1.10
  • fantomFantom (FTM) $ 0.411335
  • chilizChiliz (CHZ) $ 0.129971
  • worldcoin-wldWorldcoin (WLD) $ 8.56
  • the-sandboxThe Sandbox (SAND) $ 0.492291
  • axie-infinityAxie Infinity (AXS) $ 7.72
  • bittorrentBitTorrent (BTT) $ 0.000001
  • dymensionDymension (DYM) $ 7.11
  • tezosTezos (XTZ) $ 1.12
  • apecoinApeCoin (APE) $ 1.70
  • kucoin-sharesKuCoin (KCS) $ 10.47
  • blurBlur (BLUR) $ 0.706095
  • whitebitWhiteBIT Coin (WBT) $ 7.00
  • cheeleeCheelee (CHEEL) $ 18.80
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000048
  • osmosisOsmosis (OSMO) $ 1.55
  • siacoinSiacoin (SC) $ 0.017001
  • galaGALA (GALA) $ 0.027771
  • roninRonin (RON) $ 3.13
  • akash-networkAkash Network (AKT) $ 4.10
  • astarAstar (ASTR) $ 0.163664
  • frax-etherFrax Ether (FRXETH) $ 2,962.17
  • dydxdYdX (ETHDYDX) $ 3.00
  • conflux-tokenConflux (CFX) $ 0.239606
  • decentralandDecentraland (MANA) $ 0.483199
  • singularitynetSingularityNET (AGIX) $ 0.708444
  • neoNEO (NEO) $ 12.46
  • eosEOS (EOS) $ 0.767732
  • iotaIOTA (IOTA) $ 0.275167
  • arweaveArweave (AR) $ 13.26
  • jasmycoinJasmyCoin (JASMY) $ 0.017308
  • manta-networkManta Network (MANTA) $ 3.37
  • kavaKava (KAVA) $ 0.771360
  • pyth-networkPyth Network (PYTH) $ 0.550528
  • gnosisGnosis (GNO) $ 314.34
  • axelarAxelar (AXL) $ 1.40
  • oasis-networkOasis Network (ROSE) $ 0.119369
  • bonkBonk (BONK) $ 0.000012
  • woo-networkWOO (WOO) $ 0.426759
  • klay-tokenKlaytn (KLAY) $ 0.222796
  • wemix-tokenWEMIX (WEMIX) $ 2.07
  • usddUSDD (USDD) $ 0.997563
  • swethSwell Ethereum (SWETH) $ 3,025.77
  • msolMarinade staked SOL (MSOL) $ 122.69
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000122
  • ethereum-name-serviceEthereum Name Service (ENS) $ 22.13
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,190.65
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.81
  • frax-shareFrax Share (FXS) $ 8.48
  • jupiter-exchange-solanaJupiter (JUP) $ 0.478632
  • nexoNEXO (NEXO) $ 1.15
  • fraxFrax (FRAX) $ 0.993970
  • ecasheCash (XEC) $ 0.000033
  • gatechain-tokenGate (GT) $ 4.72
  • curve-dao-tokenCurve DAO (CRV) $ 0.553173
  • altlayerAltLayer (ALT) $ 0.548262
  • illuviumIlluvium (ILV) $ 96.78
  • xdce-crowd-saleXDC Network (XDC) $ 0.041483
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,153.26
  • rocket-poolRocket Pool (RPL) $ 27.76
  • zetachainZetaChain (ZETA) $ 2.34
  • iotexIoTeX (IOTX) $ 0.058204
  • corgiaiCorgiAI (CORGIAI) $ 0.001820
  • ondo-financeOndo (ONDO) $ 0.381906
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.28
  • coredaoorgCore (CORE) $ 0.616260
  • 1inch1inch (1INCH) $ 0.444766
  • kujiraKujira (KUJI) $ 4.11
  • tether-goldTether Gold (XAUT) $ 2,024.76
  • pepePepe (PEPE) $ 0.000001
  • radixRadix (XRD) $ 0.047682
  • fasttokenFasttoken (FTN) $ 1.62
  • casper-networkCasper Network (CSPR) $ 0.041282
  • livepeerLivepeer (LPT) $ 15.42
  • lido-staked-solLido Staked SOL (STSOL) $ 122.15
  • superfarmSuperVerse (SUPER) $ 1.05
  • enjincoinEnjin Coin (ENJ) $ 0.333828
  • stepnGMT (GMT) $ 0.264350
  • neutron-3Neutron (NTRN) $ 1.64
  • metis-tokenMetis (METIS) $ 86.47
  • compound-wrapped-btccWBTC (CWBTC) $ 1,033.46
  • nervos-networkNervos Network (CKB) $ 0.010520
  • skaleSKALE (SKL) $ 0.086363
  • ocean-protocolOcean Protocol (OCEAN) $ 0.742513
  • terra-luna-2Terra (LUNA) $ 0.668028
  • apenftAPENFT (NFT) $ 0.00000045
  • aelfaelf (ELF) $ 0.631486
  • gmxGMX (GMX) $ 46.07
  • bitcoin-goldBitcoin Gold (BTG) $ 24.69
  • compound-ethercETH (CETH) $ 59.77
  • echelon-primeEchelon Prime (PRIME) $ 12.51
  • ribbon-financeRibbon Finance (RBN) $ 0.466010
  • kusamaKusama (KSM) $ 46.74
  • pixelsPixels (PIXEL) $ 0.539018
  • mask-networkMask Network (MASK) $ 4.32
  • aleph-zeroAleph Zero (AZERO) $ 1.36
  • holotokenHolo (HOT) $ 0.002317
  • zilliqaZilliqa (ZIL) $ 0.023191
  • api3API3 (API3) $ 3.97
  • zcashZcash (ZEC) $ 27.71
  • compound-governance-tokenCompound (COMP) $ 59.26
  • gasGas (GAS) $ 6.23
  • pax-goldPAX Gold (PAXG) $ 1,999.09
  • ethena-usdeEthena USDe (USDE) $ 0.999916
  • convex-financeConvex Finance (CVX) $ 4.87
  • desoDecentralized Social (DESO) $ 37.95
  • pocket-networkPocket Network (POKT) $ 0.244169
  • hytopiaHytopia (TOPIA) $ 0.079176
  • celoCelo (CELO) $ 0.740471
  • strideStride (STRD) $ 4.35
  • basic-attention-tokenBasic Attention (BAT) $ 0.255601
  • stader-ethxStader ETHx (ETHX) $ 3,027.09
  • rollbit-coinRollbit Coin (RLB) $ 0.129759
  • golemGolem (GLM) $ 0.372367
  • vethor-tokenVeThor (VTHO) $ 0.005022
  • moonbeamMoonbeam (GLMR) $ 0.439998
  • xai-blockchainXai (XAI) $ 1.29
  • safepalSafePal (SFP) $ 0.770168
  • dashDash (DASH) $ 30.14
  • qtumQtum (QTUM) $ 3.28
  • helium-mobileHelium Mobile (MOBILE) $ 0.004154
  • oec-tokenOKT Chain (OKT) $ 19.07
  • flokiFLOKI (FLOKI) $ 0.000034
  • magicMagic (MAGIC) $ 1.30
  • nemNEM (XEM) $ 0.037468
  • chromawayChromia (CHR) $ 0.419962
  • dogwifcoindogwifhat (WIF) $ 0.326877
  • origintrailOriginTrail (TRAC) $ 0.858229

Bitcoin (BTC) Price to $50,000 Thanks to $1 Billion Squeeze Possible

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According to the Bitcoin analysis provided by a Glassnode analyst, we have seen a notable surge that took the price to $42,000, a move that provided significant liquidity for long positions. This move is considered neutral and not driven by strong bullish or bearish impulses.

The liquidity gap that exists around the $42,000 mark is now being targeted by the market. This gap acts as a magnet for price, attracting it to fill the void, a phenomenon often accompanied by increased volatility. The recent price action aligns with this theory as Bitcoin endeavors to bridge this gap. In the process, approximately $659 million in liquidations have transpired, signaling a highly active market environment.

Bitcoin (BTC) Price to $50,000 Thanks to $1 Billion Squeeze Possible

From a technical standpoint, the chart demonstrates that Bitcoin is currently testing the resistance level at $42,300. If it will decisively break through this level, the next significant resistance is likely to be found near the $43,300 region, which corresponds with the recent peak. On the downside, a support level can be identified around $39,900, which aligns with recent lows and provides a psychological level of support.

If the bullish momentum continues, and especially if reinforced by favorable market news or sentiment, it could catalyze a cascade of short position liquidations. It is estimated that such a scenario could trigger around $1 billion in short liquidations, providing a substantial upward thrust to the market.

If Bitcoin maintains its upward trajectory and breaches the $43.3K resistance, we might see a significant bullish phase with targets potentially extending toward the $47,000 region and, if possible, to $50,000, where the next level of resistance would likely be encountered. Obviously, if the digital gold fails to maintain the current pace, we could see it retesting its support at $39,000.

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