More than 127,000 traders have been demolished when Bitcoin ticks $ 120k for the first time since August

The total value of destroyed positions is up to $ 430 million daily.

Uptober started a bang when the price of Bitcoin jumped to just over $ 120,000 for the first time since mid -August, when it shot to a new all time before the violent was rejected.

Many altcoins are also good at the Green Daily, which has resulted in many liquidations for over-delivery traders.

Since the aforementioned BTC in August, De Beren seemed to have dominated the market, as is apparent from some of the wild swings in the past seven weeks. September, historically a Bearish month, provided a assistance after the American Federal Reserve had reduced interest rates for the first time in 2025, but that was short -lived.

The total negative sentiment prevailed and BTC slipped below $ 109,000 at the end of the month. The Bulls, however, returned to the stage at the start of the current business week, and especially since October started.

In the past four days alone, the primary cryptocurrency has added more than ten Grand for the first time since the levels mentioned above and only a few minutes ago has risen by $ 120,000.

This impressive wave has propelled a huge increase in the market capitalization of BTC, which is now again almost $ 2.4 trillion. Many altcoins have followed the example, led by Zcash’s enormous increase of 40%. XMR, CRO, HASH, ENA, APT and Aster are the following in terms of daily profit.

Data from Coinglass shows that the total value of the destroyed positions in the past day is up to more than $ 430 million. The number of liquidated traders is also increasing and exceeds 127,000.

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