$BTC $BTC

(BTC) is holding firm near $105,500 as traders eye the next move. Data shows that if BTC gains just 10%, over $15 billion worth of short positions could be liquidated — a massive potential short squeeze event. 📊

Analysts also note BTC is testing key levels, with $104,400 now a critical weekly support to watch. If the weekly close stays above this level, bullish momentum could strengthen.

Meanwhile, liquidity is building both above and below spot price, signaling that volatility may rise soon. Negative funding rates hint that more short positions are building — but will the bulls take control?