Wow! Bitcoin bulls are gaining momentum, and bears might face a 'bloodbath' of 3.4 billion!

After several days of sideways adjustment, the bearish sentiment in the Bitcoin market is increasing. From the current scale of margin trading in the market, even if the Bitcoin price temporarily drops to $106,000, the expected scale of liquidations would be around $2.5 billion; conversely, if the price rises to $130,000, the scale of forced liquidations could reach $3.4 billion.

This indicates that the current market bulls still possess potential explosive power. Once market sentiment turns positive and bullish funds concentrate their efforts, there is a possibility of a sudden significant rally in Bitcoin, which often accompanies a large number of short position stop-loss liquidations, leading to a dramatic shift in market dynamics.

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