Following the recent surge of Bitcoin past the $100,000 mark, short sellers experienced significant liquidations totaling around $970 million, or about ₱54.1 billion.
On May 9, 2025, $BTC’s price surged past $103,000, driven by a combination of macroeconomic factors, renewed institutional demand, and geopolitical developments.
Arthur Hayes, former BitMEX CEO, predicts $BTC will soar to $150,000 this year, driven by continued money printing from the Fed and rising inflation, which he says creates a “perfect setup” for a rally in risk assets.
Speaking at Token2049 in Dubai, Hayes noted that the Fed’s decision to hold rates steady amid economic uncertainty mirrors past conditions that sparked crypto surges. He believes $ETH and $SOL will follow $BTC’s lead, though he admits his short-term predictions have not always been accurate.
This article is published on BitPinas: Quick Take: Crypto Liquidations Top $970M as Short Sellers Suffer Massive Losses
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