According to Deep Tide TechFlow news, on July 15, Matrixport released today's icon analysis, indicating that the Bitcoin short liquidation volume has recently surged significantly, nearing the high levels seen in early November 2024. The latest data shows that the short liquidation volume reached $900 million in the past week, while it had once surged to $1.1 billion in early November 2024.
Currently, the price of Bitcoin has surpassed $120,000 and is approaching the key resistance level of $122,000. Analyst Markus Thielen pointed out that if this position is successfully broken, it not only has the potential to break the previous pressure level of $106,000, but may also continue the upward trend of 'every $16,000 increment', releasing more upside potential.
It is worth noting that although July has historically been a strong month for Bitcoin and the 'Crypto Policy Week' is about to begin, there are still a large number of short positions in the market, indicating that short risk is re-accumulating, and the future market trend is worth watching.
