Bitcoin liquidates $23M in shorts as BTC price tags new September high

” Bitcoin Was lastly able to break above the September regular monthly open after testing it many times. Source: Crypto Tony/XAfter returning to familiar territory from the very first week of September, BTC/USD nonetheless continued to protect the 200-day rapid moving average (EMA), presently at $25,674. … pic.twitter.com/nNI8GmxKuN— Michaël van de Poppe (@CryptoMichNL) September 7, 2023.

Bitcoin (BTC) extended volatility into the Sept. 8 Wall Street open as a traditional “short capture” stimulated new September highs.BTC/ USD 1-hour chart.” Bitcoin Was lastly able to break above the September monthly open after evaluating it numerous times. Up to the bulls to try and keep a green September. Source: Crypto Tony/XAfter returning to familiar area from the very first week of September, BTC/USD however continued to preserve the 200-day exponential moving average (EMA), currently at $25,674. … pic.twitter.com/nNI8GmxKuN— Michaël van de Poppe (@CryptoMichNL) September 7, 2023.

According to data from keeping track of resource CoinGlass, short liquidations totaled $23.5 million for Sept. 7, with the Sept. 8 long tally not yet known.BTC/ USD liquidations chart (screenshot). Source: CoinGlass” Shorts got hunted as expected,” popular trader Skew composed in part of overnight market coverage on X (previously Twitter).

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Bitcoin (BTC) extended volatility into the Sept. 8 Wall Street open as a classic “brief squeeze” sparked new September highs.BTC/ USD 1-hour chart. Source: TradingViewBitcoin offers a big salami to $24,400 Data from Cointelegraph Markets Pro and TradingView revealed BTC cost movements liquidating shorts and longs alike.Bitcoin had seen upside momentum the day prior, culminating in a trip above $26,400 after the daily close.A subsequent comedown nonetheless took BTC/USD cycle, and the set was back under the $26,000 mark at the time of writing.Welp– lets take out the lows again then eh? pic.twitter.com/EVeXRnuwJ6— Jelle (@CryptoJelleNL) September 8, 2023