• A potential $9.26B short liquidation could trigger a Bitcoin price surge if a new ATH is reached.
• Weakening support at $67,200 and lower highs indicate increased selling pressure on Bitcoin.
• Bitcoin’s critical support at $63,800 may determine its next significant move amid heightened market uncertainty.

Bitcoin’s market stands at a critical juncture, with potential implications for both bullish and bearish traders. As highlighted by Eljaboom, a Bitcoin investor and Forbes 30 Under 30 recipient, a major liquidation event looms. If Bitcoin reaches a new all-time high (ATH), $9.26 billion in shorts could be liquidated. A few key indicators underscore this potential for a dramatic price surge.

The funding rate has decreased, indicating an increase in short positions. Additionally, the Coinbase Premium has turned positive, suggesting heightened spot demand.

The post Bitcoin’s Price Is About to Get Wild: $9 Billion Liquidation Event Possible appeared first on Coin Edition.

• A potential $9.26B short liquidation could trigger a Bitcoin price surge if a new ATH is reached.
• Weakening support at $67,200 and lower highs indicate increased selling pressure on Bitcoin.
• Bitcoin’s critical support at $63,800 may determine its next significant move amid heightened market uncertainty.

Bitcoin’s market stands at a critical juncture, with potential implications for both bullish and bearish traders. As highlighted by Eljaboom, a Bitcoin investor and Forbes 30 Under 30 recipient, a major liquidation event looms. If Bitcoin reaches a new all-time high (ATH), $9.26 billion in shorts could be liquidated. A few key indicators underscore this potential for a dramatic price surge.

The funding rate has decreased, indicating an increase in short positions. Additionally, the Coinbase Premium has turned positive, suggesting heightened spot demand.

The post Bitcoin’s Price Is About to Get Wild: $9 Billion Liquidation Event Possible appeared first on Coin Edition.