It appears that a surge in upside liquidity suggests that Bitcoin (BTC) could be gearing up for another short squeeze.
While the cryptocurrency is trading at over $116,738, nearly $15 billion in leveraged short positions on exchanges like Binance, Bybit, and OKX is now exposed heading into the weekend, according to the latest data from CoinGlass retrieved on July 25.
The liquidation heatmap also reveals a dense buildup of potential buybacks that could propel the asset higher if it breaches the $120,000 resistance zone.
For the sake of clarification, the chart below highlights the areas with the highest concentration of leveraged positions, as well as the areas where those positions are most at risk. The rising green curve on the right side indicates the level of short liquidation leverage, showing where traders are most likely to be wiped out.
BTC exchange liquidation map. Source: CoinGlass
Observing the data, we see the curve rising more rapidly past the $120,000 mark,
We współpracy z: https://finbold.com/monster-15-billion-bitcoin-short-squeeze-alert/
