We still have around $6 billion in short liquidations clustered in the $120K–125K zone.

This suggests that the current $BTC correction might not go too deep — potentially down to around $100K.

With this many short positions in the system, there's a solid chance we could push up to $130K.

In other words, a new impulse to break the previous high is still possible.

Let’s see how it plays out.