Bitcoin has started to consolidate these days, and the bears are starting to shout again. But the data is here; even if it really pulls back to 106,000 in the short term, it would only liquidate 2.5 billion dollars at most. On the other hand, if it directly rises to 130,000, it could liquidate over 3.4 billion in short positions.

From my comment section, you can see that when the price rises, the bears disappear, and as soon as it drops slightly today, they start singing their bearish song again. Then I clicked on his profile and saw that he was shorting ETH at 2,300, so what can I say? I think in the short term it might dip around 115,000 to liquidate the bulls, and then make a big bullish move to blow up the bears.