Analysis: BTC is testing new support levels. If it shows a 10% increase, short positions exceeding 15 billion dollars may be liquidated.



Bitcoin is struggling to retest support levels, and liquidity analysis shows that conditions are ripe for a significant short squeeze. Market price fluctuations are expected, and if prices drop again, $100,000 is still a possible target. Analyst Cas Abbe shared on X platform that if the Bitcoin price rises by 10% now, a $15.11 billion short position will be liquidated. At the same time, if the Bitcoin price falls by 10%, a $9.58 billion long position will be liquidated. The current negative funding rate indicates that "many short positions" emerged over the weekend, and significant fluctuations are expected next week; this could push the Bitcoin price above $109,000 to $110,000.
BTC1,2%
ETH0,77%
PI0,92%
ANIME-2,78%
SOL1,15%
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BTCETHTONvip
· 06-08 18:29
HODL Tight 💪
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Ryakpandavip
· 06-08 12:39
Steadfast HODL💎
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GateUser-f9019fffvip
· 06-08 12:37
Short 109000
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GateUser-f9019fffvip
· 06-08 12:37
Just go for it💪
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