Double-edged sword for Bitcoin!
According to Coinglass data, while the BTC price is currently hovering around $109,598, the market has set a liquidation trap in both directions:
📉 Short Liquidation Level ($120,705): $2.43 billion
📈 Long Liquidation Level ($98,364): $2.83 Billion
If the price breaks above, shorts will take a heavy hit.
If it breaks below, longs will suffer a larger loss.
In other words, the market is currently trading in the maximum pain zone. A volatility surge could be on the horizon.
