Analysis: If BTC rises by 10%, short positions exceeding $15 billion will be liquidated, and if it falls by 10%, long positions exceeding $9.5 billio
Bitcoin is struggling to retest support levels. Liquidity analysis shows favorable conditions for a significant short squeeze. Market prices are expected to fluctuate, with $100,000 still a possible target if prices fall again. Analyst Cas Abbe posted on X platform that if Bitcoin prices rise by 10% from now, $15.11 billion in short positions will be liquidated. Meanwhile, if Bitcoin prices drop by 10%, $9.58 billion in long positions will be liquidated. Currently, negative funding rates indicate a "substantial short position" over the weekend, with expectations of major volatility next week that could push Bitcoin prices up to $109,000 to over $110,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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