Assessing Bitcoin’s current market dynamics – Low Inflows, high leverage, and…
2025-07-11 03:16:35
Main Idea
Bitcoin nearly reached its all-time high, with significant short liquidations and low inflows, raising questions about future price movements.
Key Points
1. Bitcoin [BTC] nearly hit its all-time high on Wednesday, 09 July, falling just $60 short of $111,970.
2. $229.28 million worth of positions were liquidated in the last 24 hours, with only $12.8 million being long positions, highlighting the effectiveness of the short squeeze.
3. A massive $7.8 million worth of short liquidations were triggered within a minute on Binance.
4. The monthly average for inflows was 5.39k BTC, and the daily average was at 3.19k BTC, indicating low BTC inflows.
5. The 1-month liquidation heatmap highlighted liquidity at $110k and another magnetic zone at $112.6k, suggesting potential future price movements.
Description
Open Interest and liquidations data had some interesting observations for Bitcoin's price performance.
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