Analysis: If BTC rises 10%, over $15 billion in Short Positions will be liquidated; if it falls 10%, over $9.5 billion in Long Positions will be liquidated.

Golden Finance reports that Bitcoin is striving to retest the support level. Due to liquidity analysis indicating favorable conditions for a significant short positions squeeze, market prices are expected to experience fluctuations. If the price falls again, $100,000 remains a possible target. Analyst Cas Abbe posted on the X platform stating that if the Bitcoin price increases by 10% from now, $15.11 billion in short positions will be liquidated. Meanwhile, if the Bitcoin price decreases by 10%, $9.58 billion in long positions will be liquidated. The current negative funding rate indicates that there are “a large number of short positions” over the weekend, and a significant fluctuation is expected next week, potentially pushing the Bitcoin price above $109,000 to $110,000.

BTC-2.7%
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HighYieldUltra-Stablevip
· 06-08 11:29
Hurry up and enter a position! 🚗
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