Bitcoin continues to show activity, trading around $97,000. There are significant risks of liquidation for short positions if the price surpasses $100,000.
Liquidation of Short Positions at $100,000
According to analysts, around $3.36 billion in Bitcoin short positions could be liquidated if the price reaches $100,000. These short positions are concentrated in the range between $97,000 and $100,000 on major exchanges like Binance, Bybit, and OKX.
Inflow into Bitcoin ETFs and Spot Market Demand
Bitcoin ETFs have seen $370 million in inflows over the past two days, highlighting growing interest from institutional investors. Analysts are closely monitoring indicators on Coinbase to assess spot market demand, especially during U.S. market hours.
Potential Scenarios for Future Price Movement
Some analysts suggest that if demand fails to materialize, the price could drop to $94,000. However, increasing demand might lead to a rise to $100,000, which would put over $3 billion in short positions at risk.
The situation in the Bitcoin market remains tense as investors and traders closely monitor price movements, anticipating significant changes upon reaching critical levels.
