$100M Shorts Wiped as Crypto Market Bounces 2.89%

Bitcoin (BTC) ending its 8-day consolidation as it shot up just 2.76% in early Asian session on Monday. This sudden uptrend caused liquidation of nearly $100M in shorts in the crypto market. Despite a 2.76% rally in Bitcoin price, $82M in BTC positions were wiped. Ethereum rose just 4.15% leading to force-closing of $40M positions. XRP price climbed 2.63%, causing only $3M in liquidations.

Will Ethereum Price Sustain Borader Crypto Market Bullish Momentum?

Ethereum price is known for its lack of performance, but today, it shot up 4.15%, attempting to end its 10-day rangebound streak. Currently price is oscillating between the current month’s VWAP and previous month’s VWAP, leading to a lack of volatility. 

A breakout, in either direction, will be a volatility event. With nearly $6B in positions in jeopardy, which way will ETH’s value go? It is still unsure if Ethereum price prediction leans bullish or bearish due to the uncertain macroeconomic and geopolitical conditions.

Bitcoin Price Ends its 8-day Consolidation Streak

After a sideways movement for eight days, Bitcoin price ended its streak by rallying 4.53% from Sunday’s low of $83,900 to a current daily high of $87,702. If the bullish momentum fails to follow through during today’s New York Open, it could lead to a revisit of the 8-day consolidation range’s support at $84K or the $80K psychological level. 

XRP Price Ready to Move Higher?

XRP price is grappling with the weekly moving average and is attempting to overcome it. A successful flip will allow the bulls to propel Ripple (XRP) to $2.40, the next key hurdle. Beyond this, the token will revisit the yearly VWAP at $2.51, which is where the uptrend  might pause and momentum might fade.

Crypto Market Price Predictions

Trump’s tariffs have caused a major impact on the markets and economic policies acorss the globe. With a 90-day pause, other countries are retaliation against President Trump’s bold move. 

Fed Chairman Jeorome Powell’s statements about not backing down has also caused stress on the stock and crypto markets alike. With so many uncertainties, it is highly unlikely that risk-on assets appreciate from here. 

If investors start to look at Bitcoin as a hedge against inflation, then it could climb higher just like Gold has in the past few weeks. 

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Akash Girimath

Senior Cryptocurrency Analyst & Market Strategist
Engineer-turned-analyst Akash Girimath delivers data-driven insights on cryptocurrency markets, DeFi, and blockchain technology for platforms like AMBCrypto and FXStreet. Specializing in technical analysis, on-chain analytics, and risk management, he empowers institutional investors and retail traders to navigate market volatility and regulatory shifts.

A hands-on strategist, Akash merges active crypto portfolio management with research on Web3, NFTs, and tokenomics. At AMBCrypto, he led cross-functional teams to redesign content frameworks, achieving record-breaking traffic growth through scalable editorial strategies. His analyses dissect market sentiment, investment strategies, and price predictions, blending macroeconomic trends with real-world trading expertise.

Known for mentoring analysts and optimizing workflows for high-impact reporting, Akash’s work is cited across global crypto publications, reaching 500k+ monthly readers. Follow his insights on YouTube, X, and LinkedIn for cutting-edge perspectives on decentralized ecosystems and crypto innovation.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.