๐จ Nearly $8B in Short Positions Could Be at Risk
Bitcoin and Ethereum are approaching price zones where a strong upside move could force billions in bearish positions to close.
๐ธ $BTC โ A push toward $87,303 could potentially wipe out around $5.28B in shorts.
๐ธ $ETH โ Reaching roughly $2,739.60 could put an estimated $2.71B of short positions under pressure.
Combined, thatโs close to $8B in potential liquidations.
If buyers take control and price accelerates upward, forced short closures could fuel a powerful short squeeze, potentially adding another wave of momentum to the move. ๐๐
Bitcoin and Ethereum are approaching price zones where a strong upside move could force billions in bearish positions to close.
๐ธ $BTC โ A push toward $87,303 could potentially wipe out around $5.28B in shorts.
๐ธ $ETH โ Reaching roughly $2,739.60 could put an estimated $2.71B of short positions under pressure.
Combined, thatโs close to $8B in potential liquidations.
If buyers take control and price accelerates upward, forced short closures could fuel a powerful short squeeze, potentially adding another wave of momentum to the move. ๐๐
