Bitcoin (BTC) jumped above the $79,000 mark for the first time in history in an unusual weekend pump that liquidated $280 million in bearish crypto trades.

BTC rose 4%, extending 7-day gains to over 16% on the back of a week that saw Republican Donald Trump elected the U.S. president and Federal Reserve cutting rates by 25 basis points — with both events considered widely bullish among traders.

Weekend pumps are generally considered bullish in the crypto market, as trading volumes typically decrease over the weekend when many institutional investors and professional traders are less active.

Lower liquidity can lead to more volatile price movements, whereas even smaller trades can cause significant price changes.

However, a significant price increase over Saturday and Sunday might suggest that retail investors are driving market activity. This is a bullish sign because it indicates broad interest and participation from smaller investors rather than just institutional players.

Profit-taking among bitcoin traders remains tiny compared to previous euphoric periods, suggesting the current rally still has plenty of room to run, a CoinDesk analysis shows.

Meanwhile, bearish crypto bets took on over $280 million in losses — an unusually high figure for the weekend — with $103 million in bitcoin shorts and $70 million in ether short bets liquidated. Shorts are bets against higher prices.

DOGE and Solana’s SOL saw over $25 million in liquidated traders, suggesting increased futures participation in tokens outside of BTC and ETH.

A liquidation occurs when an exchange forcefully closes a trader's leveraged position due to the trader's inability to meet the margin requirements. Large-scale liquidations can indicate market extremes, like panic selling or buying.

A cascade of liquidations might suggest a market turning point, where a price reversal could be imminent due to an overreaction in market sentiment.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。