Monster $15 billion Bitcoin short squeeze alert
Main Idea
A surge in upside liquidity suggests Bitcoin (BTC) could be poised for a short squeeze, with nearly $15 billion in leveraged short positions exposed as it approaches the $120,000 resistance level.
Key Points
1. Bitcoin is trading at over $116,738, with nearly $15 billion in leveraged short positions on exchanges like Binance, Bybit, and OKX exposed.
2. A breach of the $120,000 resistance level could trigger a short squeeze, propelling Bitcoin higher.
3. The $120,000 mark has a large cluster of leveraged liquidity, making price changes potentially sudden if BTC approaches this level.
4. There is no guarantee BTC will rise, but the current setup suggests a possibility of rapid price movement.
Description
It appears that a surge in upside liquidity suggests that Bitcoin ( BTC ) could be gearing up for another short squeeze . While the cryptocurrency is trading at over $116,738, nearly $15 billion in leveraged short positions on exchanges like Binance , Bybit, and OKX is now exposed heading into the weekend, according to the latest data from CoinGlass retrieved on July 25. The liquidation heatmap also reveals a dense buildup of potential buybacks that could propel the asset higher if it breaches t...
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