In the crypto currency market, eyes turned to BTC again. While Bitcoin continues the trend of the rise, the pressure on investors making short sales (Short position) is increasing day by day. If Bitcoin reaches a level of 90 thousand dollars, it is seen that the short position of approximately $ 9.41 billion has a risk of liquidation. Such a development can trigger a chained price increase wave in markets.
Short positions are ready to explode: Is Short Squeeze coming?
According to the liquidation map published by the crypto commentator Seth, who shares his analysis on the X (formerly called Twitter) platform, the price of Bitcoin approaches 90 thousand dollars as a large amount of Short position liquidity risk. These positions, especially in the range of 80 thousand to 90 thousand dollars, indicate that investors play the decline of BTC with high leverage.
However, as Bitcoin rises, these positions begin to write damage and investors face guarantee calls. With the passing of a certain threshold of the price, positions are automatically closed; This leads to a sudden price splashing of short -position owners who have to buy BTC. Such a movement can be a harbinger of harsh rises in the market.
90 thousand dollars for Bitcoin not only resistance, but psychological threshold
Even when Bitcoin tested $ 87,000 last week, the short position of $ 77 million was reported to be liquid. This data gives serious clues about the size of the potential movement that may occur at $ 90 thousand. According to analysts, this level is critical both technical and psychologically. In case of exceeding, the investor confidence may be refreshed and the market may enter a new rise cycle.
But not everyone is so optimistic. According to some technical analysis, BTC can withdraw to a strong support zone between 78 thousand and $ 70 thousand. An analyst named “Crypto Fella üzerinde on X suggests that Bitcoin can rise up to $ 94,000 with the support to be received from this region. If this scenario occurs, there may be a jolt and then a strong leap. As of now, BTC is trading around 85 thousand dollars. A rise of about 7 percent is enough for the $ 90 thousand level. However, if this rise occurs, not only prices in the crypto market, but also investor behaviors may change completely.
