\n<\/p>\n
\n\t\t\t\t\t\t\t\t\tBTC is on track for its biggest daily gain in months. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The enhanced volatility in the cryptocurrency markets has returned in full force at the start of December, but in the right direction now.<\/p>\n
After yesterday\u2019s crash to under $84,000, the market leader went on a tear and surged past $91,000 minutes ago. The analysts from the Kobeissi Letter said the asset is on its way to paint its biggest daily increase since May this year.<\/p>\n
They doubled down on their belief<\/a> that these price swings are mechanical and have nothing to do with the industry\u2019s fundamentals, which remain solid.<\/p>\n BREAKING: Bitcoin is on track for its biggest daily gain since May 2025, nearing $91,000, as levered short liquidations surge.<\/p>\n In the last 60 minutes alone, ~$140 million of shorts have been liquidated compared to just ~$3 million of longs.<\/p>\n Recent swings in crypto are ENTIRELY\u2026 https:\/\/t.co\/cIDnDkvV6B<\/a> pic.twitter.com\/ElxAw4BUiw<\/a><\/p>\n \u2014 The Kobeissi Letter (@KobeissiLetter) December 2, 2025<\/a><\/p>\n<\/blockquote>\n Given the fact that the entire market plunged<\/a> hard this time yesterday, the 24-hour charts are quite impressive now. Aside from BTC\u2019s 7% surge, ETH has posted a 9% pump that has pushed it to $3,000. XRP has added over 7% of value, while SOL has skyrocketed by 12%. ADA is the top performer from the larger-cap alts, having surged by 15% to $0.43.<\/p>\n Naturally, these fluctuations have harmed over-leveraged traders. The total value of wrecked positions has risen to nearly $380 million, according to CoinGlass. This time, though, shorts are responsible for the lion\u2019s share with more than $300 million.<\/p>\n Bitcoin shorts equal over half of the entire amount, followed by $91 million from ETH shorts. The single-largest liquidated position took place on Bybit and was worth $13 million.<\/p>\n Analysts remain bullish<\/a> on BTC as long as it stays above key support zones, including $83,000, which was tested yesterday. Moreover, bitcoin\u2019s rally could resume if the asset overcomes the next critical resistance at $91,800, which is just inches above.<\/p>\n <\/p><\/div>\n\n
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![<\/a>Liquidation Data on CoinGlass<\/figcaption><\/figure>\nAnalysts remain bullish<\/a> on BTC as long as it stays above key support zones, including $83,000, which was tested yesterday. Moreover, bitcoin\u2019s rally could resume if the asset overcomes the next critical resistance at $91,800, which is just inches above.<\/p>\n\nSPECIAL OFFER (Exclusive)<\/span><\/center>\nSECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link<\/a> to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).<\/b><\/div>\n<\/div>\n<\/p><\/div>\n](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/12\/Liquidation-Data-on-CoinGlass.png\"){kind=link}