👀 Update: $18.5 billion in short contracts will be liquidated when Bitcoin reaches $130,000!
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📈 Most important news:
* Chain data shows that reaching a Bitcoin price of $130,000 will lead to the liquidation of approximately $18.5 billion in short contracts.
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💡 What does this mean?
* This huge number indicates a high level of leverage in the market, as many traders are betting on the price of Bitcoin to fall.
* If the upward momentum continues, reaching this level will cause a massive "Short Squeeze," driving the price up faster and stronger.
* This level is considered a huge resistance wall, but breaking through it could pave the way for Bitcoin to reach much higher price levels.
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❓ Do you think Bitcoin can reach $130,000 soon and trigger this massive Short Squeeze?
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