BITCOIN (BTC) LIQUIDATED OVER IN SHORT POSITIONS IN RALLY ABOVE $93,000!

Bitcoin's recent surge above $93,000 has triggered a massive liquidation event, wiping out over $300 million in short positions within 24 hours. This significant price movement signals a shift in market sentiment, driven by derivative markets and ETF inflows.

Key Details:

Liquidation Amount: Over $300 million in BTC short positions were liquidated, with some reports indicating that Bybit saw the largest liquidations, exceeding $517 million.

Price Movement: Bitcoin's price surged to $93,936.38 on Tuesday and is currently trading near $94,000, with potential targets of $98,000-$99,000.

Market Sentiment: The Bitcoin Fear and Greed Index jumped from 29 to 72, indicating a move into "greed" territory and a shift in market sentiment.

Impact on Altcoins: The BTC rally led to a recovery of altcoins, with some analysts predicting further gains in the market .

Potential Future Movement:

Resistance Levels: Bitcoin needs to cross above $95,000 to continue its upward momentum.

Short Positions: Remaining short positions lead up to the $97,000 range, and analysts expect a potential rally to $100,000.

Market Predictions: Some analysts predict Bitcoin could reach $200,000, while others warn of a potential price crash .#MarketRebound #TRXETF $BTC #BTC