๐ $BTC Near $120K โ Short Squeeze Loading? ๐ฅ
Price: $118,837 (+1.74%)
$BTC is eyeing the $119Kโ$120K zone โ where a massive cluster of short positions could spark a huge squeeze.
๐ Key Highlights:
Liquidity Build-Up: Heavy liquidity between $119Kโ$120K. A move here could trigger a chain reaction of short liquidations.
$3B Shorts at Risk: If BTC hits $120K, ~$3B in shorts could get wiped โ forcing rapid buying.
Institutional Fuel: U.S. Bitcoin ETFs saw $667M inflows in a single day (May 19) โ a record boost.
๐ Why It Matters:
Strong institutional demand + short squeeze potential = possible explosive move ahead. But stay sharp โ watch key support & resistance.