Tag: bets

Bitcoin increase at $ 104K liquidates almost $ 400 million in short bets

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  • Bitcoin rose more than 3% in 24 hours, exceeding USD 104,000 (the highest since January 31).
  • Almost USD 400 million in BTC’s short -bass short positions were settled in 24 hours (the highest level since November).
  • The significant contraction of short positions suggests potential for new climbs as the bearish pressure decreases.

    • Bitcoin experienced a powerful upward increase in the last 24 hours, decisively exceeding the key psychological levels and taking off many bass traders, which led to substantial liquidations of short positions.

    The rebound was backed by positive macroeconomic news and a strong continuous institutional interest in the leading cryptocurrency.

    The price of Bitcoin (BTC) rose more than 3% in a 24 -hour period, quoting around USD 102,500 and at one time it exceeded the USD 104,000 brand, its highest level since January 31.

    This bullish impulse was not limited to Bitcoin; The cryptocurrency market in general also recovered significantly.

    The total market capitalization of all cryptocurrencies, excluding Bitcoin, increased an impressive 10% to the USD 1.14 billion, a maximum not seen from March 6, according to TrainingView data.

    Two key catalysts seem to have promoted this strong rebound.

    First, President Donald Trump announced that a comprehensive commercial agreement with the United Kingdom had been reached, a development that generally increases appetite due to the risk in global markets.

    Second, the accumulated entries in the funds quoted in the stock market (ETF) of the cash that are quoted in the US reached a new record, exceeding the USD 40 billion, indicating a sustained and growing institutional demand of direct exposure to Bitcoin.

    Dyted bearish bets on the Squeeze Short

    This rapid and strong appreciation of prices triggered an important “Short Squeeze”, in which traders who had opted for the fall of Bitcoin’s price were forced to close their positions with losses as the market moved against it.

    According to Coinglass data, in the last 24 hours almost USD 400 million were settled in short bTC bearish positions.

    This represents the highest total in a single day for short liquidations from at least November.

    A position is liquidated, or forcibly closed by an exchange, when the adverse prices movements make the balance of the account of an leveraged trader fall below the required margin level, avoiding more losses.

    On the contrary, relatively modest USD 22 million in long bullish positions were eliminated during the same period.

    Implications of the imbalance: more advantages ahead?

    The substantial imbalance between short and long liquidations provides a revealing vision of recent positioning in the market.

    It indicates that the leverage was very biased to the bearish side, which means that many traders were anticipating or positioned for a price drop.

    The rapid reversal of these short positions, since the traders were forced to buy Bitcoin to cover their losses, the bunder movement of prices probably exacerbated.

    Market analysts often see such a significant liquidation of shorts as a potentially upward signal in the short term.

    It suggests that a considerable amount of sales pressure has been eliminated from the market, which could clear the way for new price profits as the predominant feeling changes and buyers get more control.

    The combination of positive external catalysts and the dynamics of the domestic market of a short position contraction could lay the foundations for a continuous bullish impulse for Bitcoin and the cryptocurrency market in general.

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    Polymarket faces the scrutiny for the manipulation of bets on Trump’s mining agreement with Ukraine.

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    • Polymarket criticized for incorrect result of “yes” in commitment to agreement of US $ 7 million between Trump and Ukraine.
    • There are complaints of governance manipulation by a UMA whale.
    • Polymarket moderators have said there will be no refunds.

    Polymarket, the world’s leading decentralized prediction market, faces a wave of criticism after the controversial resolution of a high profile.

    The market in question bet on whether US President Donald Trump would accept an agreement on rare earths with Ukraine before April.

    Despite not having evidence that such an event occurred, The market closed with a “yes” on March 25, 2025 what generated outrage among users and questioned the integrity of the platform. With a volume of operations of more than 7 million dollars, the result has fed concerns about possible manipulations and vulnerabilities of governance.

    Polymarket governance attack linked to the oracles of the UMA protocol

    The reaction focuses on the accusations of an “attack on governance” related to the use by Polymarket of the Blockchain oracles of the UMA protocol, which verify events of the real world to liquidate bets.

    The cryptographic threat researcher Vladimir S. pointed to a single “whale” of UMA who allegedly handled 5 million tokens in three accounts, which represents 25% of the total votes, to force the incorrect liquidation.

    This measure, argued on March 26, allowed the tycoon to benefit at the expense of other merchants.

    Polymarket has been committed since then to prevent such incidents, but the damage to its reputation has already taken root. However, not everyone agrees with the narrative of manipulation.

    The pseudonym user of Polymarket, Tenadome, offered a different opinion, suggesting that the fault was negligence instead of malice.

    In an March 26 publication, Tenadome said that the decision came from the usual voters of UMA – many affiliated with the protocol team – that do not quote in Polymarket. Ignoring the clarification of the market, they opted for a quick resolution to ensure rewards and avoid sanctions, he argued.

    This opposed perspective has only deepened the debate on accountability.

    Polymarket rules out reimbursements

    To increase user frustration, Polymarket moderators ruled out reimbursements. The Moderator Tanner acknowledged that the resolution challenged the expectations and the guidelines of the platform, but said it was not a “market failure” that justified compensation. This decision has left many operators feeling betrayed by a platform that is proud of their transparency.

    In response, Polymarket promised to implement new monitoring systems to address what he called an “unprecedented situation”, although the details are not yet clear.

    It should be noted that the controversy arises in the midst of a generalized boom of the prediction markets, promoted by the US presidential elections of 2024.

    Coingcko data shows that the volume of bets on the three main platforms shot 565% in the third quarter of 2024, reaching 3.1 billion dollars, compared to 463.3 million of the previous quarter.

    Polymarket, which controlled more than 99% of the market share in September, has been a key driver of this growth. However, as this incident reveals, its rapid ascent can be exposing cracks in its decentralized framework, leading to observers to wonder if more strict supervision is necessary to maintain confidence in the future of the platform.

    The Post Polymarket faces the scrutiny for the manipulation of bets on Trump’s mining agreement with Ukraine. Appeared First on coinjournal.



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