According to a report by Deep Tide TechFlow, Adam, a macro researcher at Greeks.live, pointed out in a briefing for the Chinese community that there is a divergence among traders regarding the price movement of Bitcoin. Most believe that short liquidations could push the price to $113,000 or even a new high.
However, there are also opinions questioning the current rise due to a lack of participation from the options market and shrinking open interest. Traders are paying attention to the implied volatility levels and short liquidation situations, believing that the current movement is more driven by futures rather than spot buying power.
