CoinVoice has learned that, according to Cointelegraph, Bitcoin is struggling to retest support levels. Liquidity analysis shows conditions are favorable for a significant short squeeze, and market prices are expected to fluctuate. If prices drop again, $100,000 remains a possible target.
Analyst Cas Abbe posted on platform X stating that if the price of Bitcoin rises by 10% from now, $15.11 billion in short positions will be liquidated. Meanwhile, if the price of Bitcoin falls by 10%, $9.58 billion in long positions will be liquidated. The current negative funding rates indicate a 'large number of short positions' over the weekend, and a significant fluctuation is expected next week, potentially pushing the Bitcoin price above $109,000 to $110,000. [Original link]
