BTC Liquidation Data Could Push Price to New Highs: Analyst
Bitcoin liquidation data suggests an asymmetric price action, with significant long liquidations below $84,000 and less short exposure above $104,000.Summary
Analysis of Bitcoin's recent rebound focuses on futures positioning, revealing a significant imbalance in liquidations: $10.65 billion in long positions are set to be liquidated if BTC drops to $84,000, compared to only $2 billion in shorts facing liquidation if the price rises to $104,000. This suggests downside moves carry greater immediate risk of acceleration due to forced selling. However, data from Hyperliquid shows retail traders are disproportionately short, leading one analyst to call the setup "absurd" due to the potential for a rapid upside squeeze. Despite this, a sustained trend reversal requires Bitcoin to reclaim its 6 to 12-month holder cost basis, currently around $100,000. Failure to break this level suggests the broader downtrend remains in effect, and short-term technical risks include retesting weekend CME gaps near $90,600.
(Source：Cointelegraph)