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#Bitcoin has swept away almost all of the long liquidity below the current price in the recent period!
Currently, the area containing the largest amount of liquidity is no longer below the price but above, densely concentrated in the $80,000 – $100,000 range.
According to liquidation data from @coinglass_com , billions of USD in short positions are waiting to be swept at these price levels.
#Bitcoin hasn't reacted much to the information as in history:
- Global M2 just reached a new historical peak above $101 trillion
- Mt.Gox continues to move $BTC but doesn't create significant selling pressure
- Realized Price continues to rise and support the price from below
History shows that the market often moves in the direction that hurts the majority the most.
After months of hunting for long liquidity, has the market maker accumulated enough liquidity to trigger a large-scale short squeeze?
If #Bitcoin reclaims key resistance zones and money flows back in, the entire $80K to $100K liquidity cluster could become the next target.
Sometimes what drives the price up isn't FOMO, but rather billions of dollars worth of short positions being forced to close.
#Bitcoin #BTC #Crypto #Liquidity #ShortSqueeze