Bitcoin short sellers are on edge as $1.67 billion in shorts are at risk if Bitcoin reaches $70,000 again. Market analysts suggest that if Bitcoin hits this mark, it could trigger a series of liquidations, potentially pushing the price up to $80,000. High leverage shorts have already been stopped out in the perpetual market, and further spot bids are needed to see a substantial bounce or squeeze. The current market sentiment indicates a possible upward trend, with not much long leverage left. Additionally, $3 billion shorts could liquidate, forcing a long ladder and catching $4 billion shorts at $72,500, which can trigger a squeeze to $80,000.
$BTC Some high leverage shorts already stopped out here - Perp market bid Need to see more spot bid to get a substantial bounce/squeeze https://t.co/p3b8uY2yiB https://t.co/gwooxr73Yt
🚨⚠️Shorts liquidations incoming? #BTC https://t.co/DhvYp8k6nB
US Net Liquidity and #Bitcoin We are just waiting for the money flow to start another impulse up. https://t.co/MnLsFt4OQo
#Bitcoin short sellers on edge! $1.67 billion in shorts at risk if $BTC hits $70K again. Will it surge or stay under? 🤔 https://t.co/SVAZbaprZz
When these $3b shorts liquidate with #Bitcoin to $70k it might force a long ladder and catch the $4b shorts at $72500, that can trigger a squeeze to $80k. Not much long leverage left - the map says we going up. https://t.co/877iLojdfq