Over $3 billion in Bitcoin shorts risk of liquidation if BTC hits $100,000
Summary ⚈ Bitcoin trading near $97,000 puts $3.36 billion in shorts at liquidation risk. ⚈ A 3.14% BTC price rise to $100,000 would trigger mass short liquidations. ⚈ A 3.07% drop to $93,973 would also threaten $3.36 billion in long positions. Bitcoin’s (BTC) move to the upside could put crypto bears in quite a tough position if the cryptocurrency’s present rally continues. The leading digital asset was trading at $96,950 at press time on May 2, having seen a 2.64% increase in price over the past week. BTC price 1-week chart. Source: Finbold Some $3.36 billion in Bitcoin short positions are at risk of liquidation if BTC prices reach $100,000, according to data analyzed and retrieved by Finbold from market intelligence platform CoinGlass . Bitcoin exchange liquidation map. Source: CoinGlass A 3.14% increase in BTC price could cause $3.36 billion in Bitcoin shorts to be liquidated So, what are the key levels to watch as Bitcoin approaches a ret...