#BitcoinHits$85K
🚨 BTC just entered a major short-liquidation zone.
Roughly $5B in visible BTC short positions has been reported between $83K–$85K, creating a potential source of forced buying if price keeps moving higher.
And the first part of that setup is already playing out.
BTC pushed above $85K today, while more than $648M in crypto shorts were liquidated over the past 24 hours, according to CoinGlass data reported by The Block.
Here’s the mechanism:
Shorts get liquidated → positions are closed with buys → price pushes higher → more liquidation levels are reached.
Glassnode has also identified the $82K–$86K area as a major short-liquidation zone.
But there’s one important catch: liquidation fuel doesn’t create an uptrend by itself. Once the forced buying fades, spot demand and volume need to take over.
So the key question now isn’t just whether BTC can break $85K.
Can it hold the breakout after the short squeeze cools down? 👀
$BTC
#bitcoin #BTC
🚨 BTC just entered a major short-liquidation zone.
Roughly $5B in visible BTC short positions has been reported between $83K–$85K, creating a potential source of forced buying if price keeps moving higher.
And the first part of that setup is already playing out.
BTC pushed above $85K today, while more than $648M in crypto shorts were liquidated over the past 24 hours, according to CoinGlass data reported by The Block.
Here’s the mechanism:
Shorts get liquidated → positions are closed with buys → price pushes higher → more liquidation levels are reached.
Glassnode has also identified the $82K–$86K area as a major short-liquidation zone.
But there’s one important catch: liquidation fuel doesn’t create an uptrend by itself. Once the forced buying fades, spot demand and volume need to take over.
So the key question now isn’t just whether BTC can break $85K.
Can it hold the breakout after the short squeeze cools down? 👀
$BTC
#bitcoin #BTC
