Bitcoin Bears At Risk Of $1.4B Liquidation If BTC Rallies To $80K
Summary
Bitcoin is currently facing a significant short squeeze risk, with $1.4 billion in leveraged short positions potentially facing liquidation if the price reaches $80,000. Despite recent bearish sentiment in futures and options markets—evidenced by negative funding rates and high demand for put options—the underlying spot market remains strong. Significant accumulation from corporate entities like Strategy and continuous inflows into US-listed Bitcoin ETFs have provided a solid price floor. If Federal Reserve policy softens or inflation expectations rise, this strong spot demand could trigger a cascade of liquidations that forces the price well beyond the $80,000 resistance level.
(Source:Cointelegraph)