Crypto Express

07/13 02:07

BTC : Could leveraged shorts above $118K fuel

BTC : Could leveraged shorts above $118K fuel another breakout?

The Liquidation Map shows a dense cluster of short positions above $118K, many of them high-leverage (50x–100x).

With BTC trading at $117,809 during press time, a push slightly higher could spark a cascade of forced liquidations.

If bulls break through this level cleanly, it could unleash explosive upside powered by short squeezes.

While key metrics support continued upside, traders must stay cautious as historical patterns suggest profit-taking often follows such aggressive inflows. 

Maintaining momentum will depend on whether bullish forces can overcome potential resistance zones and sustain demand across spot and derivatives markets.

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