On November 30, BlockBeats news reported that the Chicago Mercantile Exchange (CME) Bitcoin futures surpassed $100,000 on November 29, reaching a high of $100,200. This marks the second time in seven days that the price has exceeded this milestone. Open contracts for CME Bitcoin futures are currently above 40,000 and trading volume hit $12.3 billion before Thanksgiving.
Prior to this, the spot price of Bitcoin reached $98,600 but later fell back down. The price difference between Coinbase and Binance at one point exceeded $200. Market data indicates there is significant selling pressure near the $100,00 mark. According to CoinGlass data, this recent increase triggered the forced liquidation of approximately US$55 million worth of short positions.
To break through the US$100,0K price mark and trigger a new round of liquidation, bulls need to push prices above US$99K
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<p>The post Bitcoin Futures Soar to $100,200: Bulls Brace for Liquidation first appeared on CoinBuzzFeed.</p>
