The report said that after Trump’s remarks, Bitcoin rebounded from approximately 80,400 USD to 82,500 USD approximately, putting shorts under pressure.
Article
Bitcoin shorts face liquidation pressure as Trump pledges not to strike Iran before the midterm elections
BlockBeats reports,October 9, U.S. President Trump said that he would not bomb Iran before next month’s midterm elections, easing market concerns about an escalation of tensions in the Middle East. Bitcoin subsequently rebounded from Thursday’s low of approximately 80,400 USD to 82,500 USD approximately, putting short traders under liquidation pressure.
In market action, Bitcoin is currently quoted at 82,486 USD; Ethereum fell approximately 24 hours, down approximately 2%to 2,500 USD approximately;SOL fell nearly 4%to 110 USD approximately, while XRP and HYPE remained relatively stable. The CoinDesk 20 Index fell approximately 2%.
Alex Kuptsikevich, chief market analyst at FxPro, said that Bitcoin dipped to 80,400 USD on Thursday, touching a near 3-week low and its 50-day moving average before receiving buying support, indicating that buying demand remained during the pullback.
In macro markets, S&P 500 Index futures rose less than 0.5%; Nasdaq 100 Index futures rose nearly 1%; Brent crude fell below 103 USD per barrel, easing inflation concerns previously triggered by rising oil prices. Whether Bitcoin can rebound further will depend on resistance levels above and developments in the Middle East.
Original link https://m.theblockbeats.info/flash/371011
Key points
01
BlockBeats said,October 9, U.S. President Trump said that he would not bomb Iran before next month’s midterm elections.
02
The report said that Bitcoin rebounded from Thursday’s low of approximately 80,400 USD to 82,500 USD approximately.
03
Market data showed Bitcoin at approximately 82,486 USD。
04
Ethereum 24 fell approximately 2%% over 2,500 USD hours to SOL approximately; 4%fell nearly 110 USD% to approximately.
05
XRP and HYPE remained relatively stable, while the CoinDesk 20 Index fell approximately 2%。
06
Alex Kuptsikevich, chief market analyst at FxPro, said that Bitcoin received buying support after touching a near 3-week low and its 50-day moving average.
07
S&P 500 Index futures rose less than 0.5%%, while Nasdaq 100 Index futures rose nearly 1%%; Brent crude fell below 103 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Short traders are betting on a price decline. When the price rises from a low, some short positions may be forcibly closed as losses increase; this is liquidation pressure. The report says that Trump’s remarks eased market concerns about an escalation of tensions in the Middle East, but it remains uncertain whether Bitcoin can continue to rebound.
Why it matters to readers
This news also concerns geopolitical tensions, crude oil, stock futures, and crypto assets. Bitcoin’s rapid rebound may affect short positions, but Ethereum,SOL and the CoinDesk 20 Index remained lower, showing that the crypto assets mentioned in the article performed inconsistently.
Beginners should distinguish a short-term rebound from a trend reversal and note that liquidations can amplify price volatility. The prices in the article reflect market conditions around specific points in time and do not mean that the same levels persisted afterward.
Risks and unknowns
The material does not provide Trump’s original speech or an official record, so the remarks cannot yet be independently confirmed.
The report links Bitcoin’s rebound to Trump’s remarks, but the article alone cannot confirm a direct causal relationship.
The article does not specify any concrete resistance level above.
Subsequent developments in the Middle East and whether Bitcoin can rebound further remain uncertain.
The material does not state the specific amount or scale of short liquidations.
Related Developments
Loading event timeline…
Related concepts
Short
This term is not in the glossary yet. Browse related concepts in the glossary.
