$BTC On March 3 2025, a massive short position worth $2.05 million was liquidated on Bybit at a Bitcoin (BTC) price of $99,270. This event underscores the intense volatility and bullish momentum currently characterizing the Bitcoin market.
Current Market Overview
Key Trading Levels
Buy Zone (Entry Points):
Aggressive Entry: $85,000 - $88,000
Conservative Entry: $80,000 - $83,000
Deep Correction Entry: $75,000 - $78,000
Target Levels (Take Profit):
First Target: $95,000
Second Target: $100,000
Third Target: $105,000
Stop-Loss (Risk Management):
Short-Term Stop-Loss: Below $82,000
Conservative Stop-Loss: Below $78,000
Deep Stop-Loss: Below $74,000
Market Sentiment & Strategy
Bullish Indicators:
The liquidation of a substantial short position suggests strong upward momentum.
Analysts predict that Bitcoin could reach $120,000 by early 2025, driven by increased mainstream adoption and institutional investment.
Bearish Risks:
A decline in Bitcoin's price could lead to a broader market correction.
If Bitcoin loses support at $80,000, it might retest lower levels.