PANews, July 15 news, according to Matrixport analysis, the short liquidation amount of Bitcoin has significantly increased recently, approaching the high levels of early November 2024. At that time, many traders attempted to short during the rebound market, but the price did not decline as expected. Instead, after fluctuating at high levels, it saw a pullback due to tariff policies. Currently, the weekly short liquidation amount has reached 900 million USD, indicating that short risks in the market are accumulating.
Analysis points out that July is usually a strong month for Bitcoin, and the crypto policy week is about to begin, but there are still a large number of short positions in the market. If Bitcoin breaks through 122,000 USD, it is expected not only to break the previous resistance level of 106,000 USD but also to continue an upward rhythm of every 16,000 USD level, releasing more upward potential.
