Bitcoin Rebounds as $319M in Shorts Are Liquidated While Traders Eye U.S.-China Talks

Bitcoin Rebounds as $319M in Shorts Are Liquidated While Traders Eye U.S.-China Talks


Bitcoin traded around $114,501 at 23:35 UTC on Oct. 26, extending a clean break above $112,000 as short sellers bore most of the day’s liquidations and traders parsed fresh U.S.–China trade-talk posts ahead of this week’s FOMC meeting.

Breakout recap

CoinDesk Research’s technical analysis model observed a move from $111,453 to $113,572, led by a 09:00 UTC surge where volume jumped roughly 318% above the session average, carrying price through the $112,000 cap.

Trending: San Diego State Head Coach’s ‘Insane’ Tan Line Goes Viral

STORY CONTINUES BELOW

Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters svg]:max-w-[theme(spacing.8)] transition-transform-colors-opacity motion-reduce:transition-none text-default-foreground data-[hover=true]:opacity-hover w-full md:w-auto bg-new-yellow”>

Sign me up

By signing up, you will receive emails about CoinDesk products and you agree to

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!