Analysis: A 10% Increase in BTC Could Trigger Over $15 Billion in Short Liquidations, While a 10% Decrease Could Trigger Over $9.5 Billion in Long Liquidations
According to Cointelegraph, Bitcoin is struggling to retest support levels, as liquidity analysis indicates favorable conditions for a significant short squeeze. Market prices are expected to fluctuate, and if prices drop again, $100,000 remains a possible target.
Analyst Cas Abbe posted on the X platform that if Bitcoin's price rises by 10% from now, $15.11 billion in short positions will be liquidated. Meanwhile, if Bitcoin's price drops by 10%, $9.58 billion in long positions will be liquidated. The current negative funding rate suggests a "large number of short positions" over the weekend, with significant volatility expected next week, potentially pushing Bitcoin's price above $109,000 to $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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