Bitcoin Price Surges to $98,230 Amid $247 Million in Market Liquidations – Key Insights for Investors

As of February 21, 2025, Bitcoin’s (BTC) price surged to $98,230, reflecting an increase of $1,080, or approximately 1.11% from yesterday’s closing. The cryptocurrency recorded a daily high of $98,782 and a low of $96,793. Recent data indicates that the broader cryptocurrency market saw around $247.16 million in liquidations within a 24-hour period, with Bitcoin responsible for $49.03 million. Additionally, the total open interest in Bitcoin futures contracts has climbed to roughly $64.35 billion, underlining a growing interest from investors.

Analysts at Bitunix have suggested that the recent uptick in Bitcoin’s valuation may stem from multiple influencing factors. It is crucial for investors to exercise caution, implement robust risk management strategies, and refrain from making impulsive decisions as they navigate this dynamic market.