📈 Bitcoin shorts worth $10 billion are set to be liquidated | CoinInsight on Binance Square

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📈 Bitcoin shorts worth $10 billion are set to be liquidated at $125,000, potentially fueling the next upward movement. 

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🔥 NOW: Metaplanet has purchased an additional 103 $BTC for $11.7 million, increasing its total holdings to 18,991 $BTC .

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Despite the positive news of a rate cut, there was the second-largest weekly outflow in history.

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$BTC /USDT ANALYSIS Bitcoin is consolidating within a descending triangle pattern and is currently trading in the horizontal demand zone. The 200-day moving average is serving as a resistance barrier above the current price level. A breakdown from this pattern could result in a downward move. Meanwhile, a rebound

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🚨 As anticipated, the boost from the rate cut has been completely reversed 📉.

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$BTC recently closed the week after sweeping or hunting liquidity below the previous weekly low. It is now holding above a key support area. However, the price is still facing resistance at this higher time frame zone. To maintain a bullish outlook, it is crucial for the price to stay within this range and for the candles to reflect bullish momentum.

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Do you want me to map out a short-term ll setup for SOL/USDT (like exact entry, SL, TP levels).

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