Bitcoin is currently trading around $67,567. ๐
If the price climbs to the $70Kโ$71K range, more than $1 billion worth of short positions could be liquidated, potentially pushing the price even higher due to a short squeeze. ๐ฅ
On the downside, if BTC falls to $60Kโ$61K, only about $80 million in long positions would face liquidation. ๐
This imbalance suggests that most of the liquidation liquidity sits on the short side, which could attract upward price movement.
For now, the overall data still points to a bullish bias for Bitcoin. ๐๐
#BTCโ #bitcoin #crypto #CryptoMarket
