#BTC110KToday? Short sellers in danger 🔴
If Bitcoin reaches the $110,000 mark in the near future, short sellers will be liquidated for a total of ~$2.6 billion!
Typically, such high liquidity zones act like a magnet for the price — they become a priority target for market makers. With a significant volume of potential liquidations, market makers may deliberately move the price toward these levels to gather as much liquidity as possible.
Trader sentiment in the market has successfully shifted to a more negative side, which is why we are currently seeing a significant dominance of shorts. This is a strong factor that will likely push the market to continue rising to a new high.