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Bitcoin liquidation data points to ‘absurd’ potential rally to $100K: Analyst

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 93 Views

Bitcoin’s liquidation map is still heavily biased toward downside liquidity, but a swift rally to $100,000 could quickly turn the tables in the bulls’ favor.

Bitcoin’s (BTC) sharp 7.4% rebound kick-started the first week of January and has shifted markets’ focus back to futures positioning, where liquidation data suggests the price action may be asymmetric.

Key takeaways:

Over $10.6 billion in long liquidations sit below $84,000, versus just $2 billion in shorts above $104,000.

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