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via Cointelegraph · By Cointelegraph Staff
Bitcoin Eyes $80K as $4B in Short Liquidations Comes Into Focus
BTC
BTC/USDT
$64,440.57
+0.03%
$64,440.57
+0.03%
(24s)24h Volume
$12,082,369,016.83
24h H/L
$65,025.22 / $64,172.00
Change: $853.22 (1.33%)
Long/Short
56.6%
Long: 56.6%Short: 43.4%
Funding Rate
+0.0008%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(12:34 AM UTC)
1 min read
A liquidity imbalance in Bitcoin (BTC) is building near $80,000, with more than $4 billion in short positions vulnerable to liquidation above that level. The setup strengthened after Bitcoin defended support near $76,100 for two days and formed bullish signals on the lower time frames.
BTC short liquidations stack above $80,000
On the one-hour chart, Bitcoin formed a bullish divergence…
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