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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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.