Bitcoin Price Surges to $104K, Bears Lose $400M in One Day

By: cryptosheadlines|2025/05/09 19:30:13
0
Share
copy
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Bitcoin price surge to $104K liquidates nearly $400M in bearish BTC bets, driven by a U.S.-UK trade deal and ETF inflows exceeding $40 billion. The price shot more than 3% higher over the space of 24 hours from $99,400 up to a peak of $104,000; its highest level since January 31, 2025. Then drops down to $103,813.There were two big catalysts that underlaid this rally: a new U.K.-U.S. trade deal and record inflows to spot Bitcoin exchange-traded funds (ETFs), which reached $40 billion for the first time, according to Coinglass and Bloomberg ETF data.Bitcoin priceAs a consequence almost $400 million of bearish BTC positions got liquidated and that contributed to the volatility and optimism in the market. Analysts say this robust push north could set the stage for more gains in the near future, particularly given accelerating global crypto and ETF momentum.Trade Deal Sparks Market OptimismOn May 8, 2025, President Donald Trump and UK Prime Minister Keir Starmer announced a comprehensive trade agreement, reducing tariffs on British vehicles, steel, and aluminum, while increasing U.S. agricultural exports to the UK. This development alleviated market uncertainties stemming from earlier tariff increases and contributed to a positive shift in investor sentiment. Bitcoin’s current price stands at 103,813 as of May 9th. Key Market Data – Bitcoin Surge Snapshot (May 9, 2025)MetricValueSourceBitcoin Price (24h high)$104,000TradingViewBitcoin Price Change (24h)+3.2%TradingViewTotal Short Liquidations (24h)$398.7 millionCoinglassLong Liquidations (24h)$22 millionCoinglassTotal ETF Inflows (Cumulative)$40.1 billionBloomberg ETF DataGlobal Crypto Market Cap (Ex-BTC)$1.14 trillion (up 10%)TradingViewLast Bitcoin Peak (Before May 9)$105,200 (Jan 31, 2025)TradingViewETF Inflows Exceed $40 BillionThe surge in Bitcoin price was further bolstered by record inflows into spot exchange-traded funds (ETFs), exceeding $40 billion according to Coindesk. This incoming tide of institutional investors is a sign of increasing confidence in Bitcoin to be a viable asset class.Top ETF Inflows Contributing to Bitcoin RallyETF NameNet Inflow (7 Days)Cumulative InflowIssueriShares Bitcoin Trust$2.1 billion$12.5 billionBlackRockFidelity Wise Origin BTC$1.7 billion$10.2 billionFidelityARK 21Shares Bitcoin ETF$890 million$6.4 billionArk Invest / 21SharesVanEck Bitcoin Trust$460 million$3.2 billionVanEckMassive Liquidation of Bearish PositionsThe rapid increase in Bitcoin price led to the liquidation of nearly $400 million in short positions over a 24-hour period, marking the highest single-day total since at least November. Such a disproportionate imbalance implies that there was a great leverage bias towards the bearish, rapid liquidation of shorts, which could mean more gains for the market.Analyst PerspectivesMarket analysts attribute the rally to a combination of geopolitical developments and increased institutional participation.Geoffrey Kendrick, head of FX research at Standard Chartered, remarked, “Bitcoin’s ascent reflects a confluence of favorable trade policies and growing institutional interest.” ReutersTony Sycamore, market analyst at IG Markets, noted, “The rapid appreciation in the value of Bitcoin reflects still growing investor confidence in addition to wider adoption of digital assets.” analyticsinsight.netConclusionBitcoin price recent surge to over $104,000 underscores the cryptocurrency’s sensitivity to macroeconomic factors and institutional investment trends. The combination of a favorable U.S.-UK trade agreement and substantial ETF inflows has not only propelled Bitcoin price but also led to significant market reconfigurations, particularly among bearish investors.As the market continues to evolve, stakeholders will closely monitor these developments for future investment strategies.FAQsQ1: What caused the recent surge in Bitcoin price?A: The outbreak was mainly fuelled by an announcement of a U.S.-UK trade agreement and a spate of record inflows in Bitcoin ETFs worth over 40 billion dollars.Q2: How should one interpret the $ 400 million in short liquidations?A: It indicates that many investors betting against Bitcoin price increases were forced to close their positions, suggesting a potential shift in market sentiment towards bullishness.Glossary of Key TermsBitcoin (BTC): A disinterested digital currency that is not centralized by a central bank or a single administrator.Exchange-Traded Fund (ETF): A Trading of investment fund in stock exchanges with asset in stocks, commodities or cryptocurrencies. en.wikipedia.orgShort Position: A sell-and-repurchase, or repurchase agreement, where the investor sells a security with intentions to repurchase the same security later at a cheaper price.Liquidation: An exit strategy used in a financial market to close a position usually as a result of margin calls or stop loss triggers.Holder+1mint+1ReferencesReuters: “Bitcoin retakes $100,000 on global trade deal optimism” ReutersAP News: “Trump agrees to cut tariffs on UK autos, steel and aluminum in a trade deal” Barron’s+2AP News+2Reuters+2Barron’s: “Bitcoin Price Crosses $100,000 for First Time Since February Following U.S.-U.K. Trade Deal”Barron’s+1Reuters+1Bitcoin Magazine: “$111 Billion: Bitcoin ETFs See Record Inflows In March” The Block+2Bitcoin Magazine+2CoinMarketCap+2Reuters: “Japanese stocks jump, dollar firms on trade hopes; bitcoin soars” ReutersAnalytics Insight: “Bitcoin Price Surges Towards $100K Amid $4 Billion ETF Inflows and Pro-Crypto Sentiment”analyticsinsight.netFollow us on Twitter and LinkedIn and join our Telegram channel to be instantly informed about breaking news! DisclaimerThe price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.Source link

You may also like

TAO is Elon Musk, who invested in OpenAI, and Subnet is Sam Altman

Most of the capital invested in TAO will ultimately subsidize development activities that do not provide value back to token holders.

The era of "mass coin distribution" on public chains comes to an end

The market is becoming increasingly intelligent, and they are abandoning ecosystems that rely solely on funding to support false activity. Now, what is being rewarded is real throughput, real users, and real revenue.

Soaring 50 times, with an FDV exceeding 10 billion USD, why RaveDAO?

What exactly is RaveDAO? Why is Rave able to rise so much?

1 billion DOTs were minted out of thin air, but the hacker only made 230,000 dollars

Liquidity saved Polkadot's life.

After the blockade of the Strait of Hormuz, when will the war end?

The US has taken away Iran’s most important card, but has also lost the path to ending the war

Before using Musk's "Western WeChat" X Chat, you need to understand these three questions

The X Chat will be available for download on the App Store this Friday. The media has already covered the feature list, including self-destructing messages, screenshot prevention, 481-person group chats, Grok integration, and registration without a phone number, positioning it as the "Western WeChat." However, there are three questions that have hardly been addressed in any reports.


There is a sentence on X's official help page that is still hanging there: "If malicious insiders or X itself cause encrypted conversations to be exposed through legal processes, both the sender and receiver will be completely unaware."


Question One: Is this encryption the same as Signal's encryption?


No. The difference lies in where the keys are stored.


In Signal's end-to-end encryption, the keys never leave your device. X, the court, or any external party does not hold your keys. Signal's servers have nothing to decrypt your messages; even if they were subpoenaed, they could only provide registration timestamps and last connection times, as evidenced by past subpoena records.


X Chat uses the Juicebox protocol. This solution divides the key into three parts, each stored on three servers operated by X. When recovering the key with a PIN code, the system retrieves these three shards from X's servers and recombines them. No matter how complex the PIN code is, X is the actual custodian of the key, not the user.


This is the technical background of the "help page sentence": because the key is on X's servers, X has the ability to respond to legal processes without the user's knowledge. Signal does not have this capability, not because of policy, but because it simply does not have the key.


The following illustration compares the security mechanisms of Signal, WhatsApp, Telegram, and X Chat along six dimensions. X Chat is the only one of the four where the platform holds the key and the only one without Forward Secrecy.


The significance of Forward Secrecy is that even if a key is compromised at a certain point in time, historical messages cannot be decrypted because each message has a unique key. Signal's Double Ratchet protocol automatically updates the key after each message, a mechanism lacking in X Chat.


After analyzing the X Chat architecture in June 2025, Johns Hopkins University cryptology professor Matthew Green commented, "If we judge XChat as an end-to-end encryption scheme, this seems like a pretty game-over type of vulnerability." He later added, "I would not trust this any more than I trust current unencrypted DMs."


From a September 2025 TechCrunch report to being live in April 2026, this architecture saw no changes.


In a February 9, 2026 tweet, Musk pledged to undergo rigorous security tests of X Chat before its launch on X Chat and to open source all the code.



As of the April 17 launch date, no independent third-party audit has been completed, there is no official code repository on GitHub, the App Store's privacy label reveals X Chat collects five or more categories of data including location, contact info, and search history, directly contradicting the marketing claim of "No Ads, No Trackers."


Issue 2: Does Grok know what you're messaging in private?


Not continuous monitoring, but a clear access point.


For every message on X Chat, users can long-press and select "Ask Grok." When this button is clicked, the message is delivered to Grok in plaintext, transitioning from encrypted to unencrypted at this stage.


This design is not a vulnerability but a feature. However, X Chat's privacy policy does not state whether this plaintext data will be used for Grok's model training or if Grok will store this conversation content. By actively clicking "Ask Grok," users are voluntarily removing the encryption protection of that message.


There is also a structural issue: How quickly will this button shift from an "optional feature" to a "default habit"? The higher the quality of Grok's replies, the more frequently users will rely on it, leading to an increase in the proportion of messages flowing out of encryption protection. The actual encryption strength of X Chat, in the long run, depends not only on the design of the Juicebox protocol but also on the frequency of user clicks on "Ask Grok."


Issue 3: Why is there no Android version?


X Chat's initial release only supports iOS, with the Android version simply stating "coming soon" without a timeline.


In the global smartphone market, Android holds about 73%, while iOS holds about 27% (IDC/Statista, 2025). Of WhatsApp's 3.14 billion monthly active users, 73% are on Android (according to Demand Sage). In India, WhatsApp covers 854 million users, with over 95% Android penetration. In Brazil, there are 148 million users, with 81% on Android, and in Indonesia, there are 112 million users, with 87% on Android.



WhatsApp's dominance in the global communication market is built on Android. Signal, with a monthly active user base of around 85 million, also relies mainly on privacy-conscious users in Android-dominant countries.


X Chat circumvented this battlefield, with two possible interpretations. One is technical debt; X Chat is built with Rust, and achieving cross-platform support is not easy, so prioritizing iOS may be an engineering constraint. The other is a strategic choice; with iOS holding a market share of nearly 55% in the U.S., X's core user base being in the U.S., prioritizing iOS means focusing on their core user base rather than engaging in direct competition with Android-dominated emerging markets and WhatsApp.


These two interpretations are not mutually exclusive, leading to the same result: X Chat's debut saw it willingly forfeit 73% of the global smartphone user base.


Elon Musk's "Super App"


This matter has been described by some: X Chat, along with X Money and Grok, forms a trifecta creating a closed-loop data system parallel to the existing infrastructure, similar in concept to the WeChat ecosystem. This assessment is not new, but with X Chat's launch, it's worth revisiting the schematic.



X Chat generates communication metadata, including information on who is talking to whom, for how long, and how frequently. This data flows into X's identity system. Part of the message content goes through the Ask Grok feature and enters Grok's processing chain. Financial transactions are handled by X Money: external public testing was completed in March, opening to the public in April, enabling fiat peer-to-peer transfers via Visa Direct. A senior Fireblocks executive confirmed plans for cryptocurrency payments to go live by the end of the year, holding money transmitter licenses in over 40 U.S. states currently.


Every WeChat feature operates within China's regulatory framework. Musk's system operates within Western regulatory frameworks, but he also serves as the head of the Department of Government Efficiency (DOGE). This is not a WeChat replica; it is a reenactment of the same logic under different political conditions.


The difference is that WeChat has never explicitly claimed to be "end-to-end encrypted" on its main interface, whereas X Chat does. "End-to-end encryption" in user perception means that no one, not even the platform, can see your messages. X Chat's architectural design does not meet this user expectation, but it uses this term.


X Chat consolidates the three data lines of "who this person is, who they are talking to, and where their money comes from and goes to" in one company's hands.


The help page sentence has never been just technical instructions.


Popular coins

Latest Crypto News

Read more