Massive Liquidation Looms: What $130k Bitcoin Means for the Market $BTC
aslam mu alakum, and hello every one how are you , hope you all will be happy and fine.
Today I read very big news in crypto. It say if Bitcoin price go to $130,000, then 18.5 billion dollar short position will finish, means they will liquidate. This is very big money.
If you don’t know, short position is when people think price will go down, so they sell. But if price go up very high, then they lose money. When liquidate happen, they need to buy back Bitcoin to close trade. This buying make price go more up.
So if this news happen true, and Bitcoin really touch $130k, then market can become more strong bullish. Because all these short traders will buy fast, and price can pump more high. This can also give good mood to whole crypto market. Many altcoins can also grow with Bitcoin.
But remember, this is only possible if Bitcoin break all big resistance and go to 130k. In crypto, anything can change fast. So always be careful, and don’t put all money in one time.
In short words, this news is good for people who hold Bitcoin long term. If price reach 130k, many traders can get profit, and whole market can enjoy big rally.#Bitcoin #CryptoMarket #ShortSqueeze #Liquidation #BTC
Allah hafiz