The Bitcoin market is under significant pressure on short positions. If BTC's price hits $130,000, a liquidation of $18.5 billion is expected.
Current Situation of Short Positions
Data shows that $18.5 billion worth of short positions will be liquidated if Bitcoin’s price hits $130,000. Such a potential liquidation has caught the attention of traders, as a short squeeze at this level could lead to a rapid price surge.
Why $130K Is the Critical Level
The $130,000 price mark is acting as a key threshold for these short positions. If Bitcoin approaches this level with strong momentum, it could trigger a cascade of forced buybacks from leveraged traders.
Market Outlook Ahead
While a $130K Bitcoin target may seem ambitious, bullish sentiment is strengthening, supported by institutional interest and macroeconomic factors. If momentum continues to build, traders could witness one of the largest short liquidations in crypto history.
Short-term prospects for Bitcoin appear promising, and upcoming events may significantly impact the market.
