๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ก๐ฒ๐ฎ๐ฟ๐ $๐ญ๐ฎ๐ฎ๐ ๐ฅ๐ฒ๐๐ถ๐๐๐ฎ๐ป๐ฐ๐ฒ ๐ฎ๐ ๐ฆ๐ต๐ผ๐ฟ๐ ๐ฃ๐ผ๐๐ถ๐๐ถ๐ผ๐ป๐ ๐ฃ๐ถ๐น๐ฒ ๐จ๐ฝ
๐ Matrixport reports that Bitcoin short liquidations have surged to $900 million in the past week โ close to levels last seen in November 2024 when it peaked at $1.1 billion.
๐ฐ Bitcoin has now broken above $120,000 and is testing a key resistance zone at $122,000.
๐ Analyst Markus Thielen says if BTC can break this level, it might keep rising in steps of around $16,000 each time, pushing the rally further.
๐ July is usually a good month for Bitcoin, and with the upcoming Crypto Policy Week, bulls remain hopeful.
โ ๏ธ However, thereโs still a large build-up of new short positions, which could increase volatility and risk.
Stay alert โ the market is at an important turning point! ๐