Analysis: If BTC rises by 10%, it will trigger over $15 billion in short liquidations, and if it falls by 10%, it will trigger over $9.5 billion in long liquidations
ChainCatcher news, according to Cointelegraph, Bitcoin is struggling to retest support levels, as liquidity analysis shows conditions are favorable for a significant short squeeze, and market prices are expected to fluctuate. If prices drop again, $100,000 remains a possible target.Analyst Cas Abbe posted on the X platform that if Bitcoin's price rises 10% from now, $15.11 billion in short positions will be liquidated. Meanwhile, if Bitcoin's price drops 10%, $9.58 billion in long positions will be liquidated. The current negative funding rate indicates that there has been a "large number of short positions" over the weekend, and a significant fluctuation is expected next week, potentially pushing Bitcoin's price above $109,000 to $110,000.