Is Bitcoin Going to 100K 😱
Bitcoin is at $96200 and touched $98000 this week. Let’s take a look at the 30-day liquidation map together. According to the liquidation data:
If $BTC reaches $108043, $3.62 billion worth of short positions will be liquidated.
If $BTC drops to $84283, $15.35 billion worth of long positions will be liquidated.
There appears to be more liquidity around the $84K levels. However, keep in mind that this factor alone is not enough to predict market direction.
