Bitcoin is currently trading around $67,567. đ
If the price climbs to the $70Kâ$71K range, more than $1 billion worth of short positions could be liquidated, potentially pushing the price even higher due to a short squeeze. đĽ
On the downside, if BTC falls to $60Kâ$61K, only about $80 million in long positions would face liquidation. đ
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. đđ
#BTCâ #bitcoin #crypto #CryptoMarket
