Analysis: BTC is testing new support levels. If it rises by 10%, short positions exceeding $15 billion may be liquidated

Odaily News Bitcoin is struggling to retest support levels, and as liquidity analysis shows that conditions are favorable for a significant short squeeze, market price volatility is expected, with $100,000 still a possible target if prices fall again.
Analyst Cas Abbe wrote on the X platform that if the price of Bitcoin rises 10% from now, $15.11 billion in short positions will be liquidated. At the same time, if the price of Bitcoin falls by 10%, $9.58 billion in long positions will be liquidated. The current negative funding rate indicates that "a large number of short positions" appeared over the weekend, and it is expected to usher in a big fluctuation next week, which may push the price of Bitcoin to more than $109,000 to $110,000. (Cointelegraph)