<span style="font-weight: 400">As the price of Bitcoin is rising constantly, BTC futures markets have <a href="https://in.tradingview.com/ideas/btc1%21/" target="_blank" rel="nofollow noopener">started</a> to build on weekend momentum witnessing the surge in the price of assets on exchanges. On some exchanges, the price of Bitcoin even managed to touch the mark of $40,000, and talking about the Bitcoin futures, they were even higher while touching the mark of $48K on Binance Futures. </span>
<h2><span style="font-weight: 400">Bitcoin Price Surges on Binance Futures</span></h2>
<span style="font-weight: 400">In accordance with the data released by the leading market data aggregators, Bitcoin has gained over 14% in the past 6 hours. The price of Bitcoin has pulled back to trade at the level of $38,300 at the time of writing this article after witnessing a rise of 7% in a day.</span>

<span style="font-weight: 400">On Saturday, a huge momentum was seen there in the market when BTC broke out of a trading range at around $32K. </span>
<h2><span style="font-weight: 400">BTC Shorts Liquidated</span></h2>
<span style="font-weight: 400">While the price of <a href="https://www.cryptoknowmics.com/news/crypto-experts-optimistic-for-bitcoin-believes-btc-will-replace-fiat-currency-by-2040-in-hyperbitcoinisation/">BTC</a> has moved above the 50-day moving average and is aiming resistance at around $41K where the previous highs have been made. </span>

<span style="font-weight: 400">Jonny Moe, a trader, and analyst released a comment on this situation that said:</span>

<em><span style="font-weight: 400">“BTC going after the 50d, a big test. Haven’t been above it since May 10th. The last time we crossed above it was Oct 8th, 2020 and we went from $11k to $65k.”</span></em>

<span style="font-weight: 400">In addition to this, it should be noted that the data revealed from Glassnode suggested over $110 million in short positions have been liquidated in a matter of ten minutes.</span>

https://twitter.com/WClementeIII/status/1419465773119066116?ref_src=twsrc%5Etfw
<h2><span style="font-weight: 400">What Pushed the Market</span></h2>
<span style="font-weight: 400">At the recently conducted virtual meet regarding Bitcoin, Elon Musk <a href="https://www.cryptoknowmics.com/news/elon-musk-confirms-re-acceptance-of-bitcoin-by-tesla-at-the-b-word/">announced</a> that Tesla is planning to accept Bitcoin payments again.</span>

<span style="font-weight: 400">Apart from the flagship cryptocurrency, other assets in the market are also enjoying the bull run As Ethereum, Cardano, Polkadot, Chainlink, and Litecoin are all running.</span>

Bitcoin Futures Surges on Binance, Shorts Worth $100M Liquidated 

As the price of Bitcoin is rising, Binance futures markets have started to build on weekend momentum after the surge in the price of assets on exchanges

Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.

Bitcoin Futures Surges on Binance, Shorts Worth $100M Liquidated

Top Picks