Bitcoin liquidation data point to ‘absurd’ potential rally to $100K: Analyst
Bitcoin’s liquidation map is still heavily biased toward a downside liquidity sweet, but a swift rally to $100,000 could quickly turn the tables in the bulls’ favor.
Bitcoin’s (BTC) sharp 7.4% rebound kick-started the first week of January and has shifted markets’ focus back to futures positioning, where liquidation data suggests the price action may be asymmetric.
Key takeaways:
Over $10.6 billion in long liquidations sit below $84,000, versus just $2 billion in shorts above $104,000.