$BTC Bitcoin Market Update
$BTC is currently trading at $105,380, with notable pressure building on both sides of the market due to elevated leverage. A large cluster of short liquidations is positioned just below current levels, while long liquidation levels are starting to build above.
🔍 Key Levels in Play:
Short Stops Cluster: $102,000 – $103,500
Long Liquidations Start: Above $106,800
⚔️ Two Possible Scenarios:
1. Short Squeeze: A breakout above $106.8K could ignite a rapid rally toward $109K+ as shorts get squeezed.
2. Liquidation Cascade: A drop below $103.5K could trigger a sharp correction, dragging BTC back toward the $100K zone due to long liquidations.
💰 Cumulative Liquidations:
Shorts: ~$38M
Longs: ~$30M
📊 Market Sentiment:
BTC is trading in a tight range with high leverage, setting the stage for a volatile breakout. Traders should watch these critical levels closely for potential trade setups.