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Bitcoin Price is $4K Away From Wiping out the Next Wave of Shorts

Published Source: Bitcoin.com NewsRead original

Crypto Insight Summary: Bitcoin’s price closed last week near $84,000 and flushed an estimated $140 million in short positions, leaving a fresh wall of bearish leverage stacked between $86,000 and $88,000. What Actually Got Liquidated? Nearly $140 million in shorts were liquidated as bitcoin confirmed a weekly close above $83,000. Hours earlier, a heatmap shared by Kook Capital […] Crypto Insight Analysis: Direction: Bullish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Short squeeze at $84K creates bullish momentum but resistance at $86K-$88K remains.

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Bitcoin Price is $4K Away From Wiping out the Next Wave of Shorts — Crypto Insight