Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
#CryptoMarketRecovery
Crypto analyst Ali Martinez pointed out notable levels in his latest assessment of the Bitcoin market.
According to Martinez, BTC is regaining the $72,000 level, while the market focus has shifted to the high liquidity zone just above this level.
The analyst argued that the $75,300 level acts almost like a "magnet" for Bitcoin. He stated that a move toward this level could liquidate approximately $80 million in short positions, and said that short investors trapped in the market are finding fewer exit options.
$BTC
According to Martinez, BTC is regaining the $72,000 level, while the market focus has shifted to the high liquidity zone just above this level.
The analyst argued that the $75,300 level acts almost like a "magnet" for Bitcoin. He stated that a move toward this level could liquidate approximately $80 million in short positions, and said that short investors trapped in the market are finding fewer exit options.
Martinez believes that a potential rally could trigger a chain reaction of liquidations. He noted that forced buy-ins following initial liquidations could push the price even higher, creating a sudden and sharp upward wave in the market.
Meanwhile, Martinez mentioned that market makers and whales typically target such high liquidity zones. He explained that these entities move the price to these levels to "clean out" speculators, and that the forced buy-ins resulting from short position closures support the price upward without the need for new capital inflows.
NOT INVESTMENT ADVICE
$BTC $GT $ETH