PANews
PANews|Jun 08, 2025 11:21
Analyst: If BTC rises by 10%, it will trigger liquidation of over $15 billion in short positions, and if it falls by 10%, it will trigger liquidation of over $9.5 billion in long positions According to Cointelegraph, Bitcoin is working hard to retest its support levels, as liquidity analysis shows conditions favorable for a significant bearish squeeze, and market prices are expected to fluctuate. If the price falls again, $100000 remains a possible target. Analyst Cas Abbe posted on X platform that if the price of Bitcoin rises by 10% from now on, the $15.11 billion short position will be liquidated. At the same time, if the price of Bitcoin drops by 10%, the long position of $9.58 billion will be liquidated. The current negative financing rate indicates a "large number of short positions" over the weekend, and it is expected to experience major fluctuations next week, which may push the price of Bitcoin to over $109000 to $110000.
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