#BTC As Bitcoin approaches the $64,850 mark, data indicates a rising risk of a short squeeze.

#BTC As Bitcoin approaches the $64,850 mark, data indicates a rising risk of a short squeeze.

The risk of short position liquidations is mounting as Bitcoin nears the $64,850 threshold.

Data shows a significant zone of potential upward pressure (squeeze risk) forming around the $59,896 level.

In June, spot ETFs recorded net inflows of $164.06 million for $HYPE.

The accumulation of short positions in the $64,000–$67,000 range could accelerate market momentum in the event of a rally.

Attention in the Bitcoin market has shifted to derivatives; data suggests the $64,850 level could tip the balance between bullish and bearish positions. Currently, short positions dominate the market landscape. However, if the price breaks above this zone, the liquidation of short positions could trigger a surge in buying activity.

Upward liquidation pressure stands out on the map.

According to the latest liquidation map, Bitcoin is trading near the $59,896 level. Data indicates a significantly higher probability of short position liquidations above the current price compared to long position liquidations below it. This setup suggests that a sharp upward move could trigger additional buying driven by short liquidations.

On the chart, the volume of potential liquidations for short leveraged positions is approaching the 15,000 level, whereas the volume for long leveraged positions near the current price stands at approximately 1,200. This disparity reveals that a significant portion of investors are leaning toward a bearish scenario. While a heavy accumulation of short positions is observed in the $64,000–$67,000 range, a second cluster is notable in the $73,000–$76,000 band. Additionally, a larger liquidity pool exists around the $106,000 level. Traders closely monitor liquidation levels because they inject additional liquidity into the market due to forced position closures.
On the downside, the picture appears more limited. Long position liquidations are spread more gradually between $47,000 and $30,000, concentrated in only a few small zones. Therefore, while a potential pullback could generate selling pressure, it is assessed that the liquidation chain might not be as potent as the one that could occur during an upward breakout.

Institutional interest in HYPE has increased

While critical levels for Bitcoin are being monitored, HYPE is also attracting attention on the institutional front. HYPE spot ETFs saw net inflows of $164.06 million in June. Total net asset value rose to $325.29 million—roughly double the $164.34 million recorded in May.

Total net assets MAY: $164.34 million JUNE: $325.29 million

Net inflows JUNE $164.06 million

HYPE trading price MAY: Higher level JUNE: $65.46

These inflows were recorded while HYPE was trading at $65.46. Although this level represents a lower price point compared to the previous month, the continued influx of capital into the funds suggests that major investors are accumulating the asset rather than reducing their positions.

Bitcoin’s approach back toward the $64,850 level keeps the possibility of a shift in market dynamics on the agenda, should short positions be liquidated. Additionally, the ongoing capital inflows into HYPE ETFs indicate that demand for the asset may find support over the longer term.
‍$BTC $HYPE