via Cointelegraph · By Cointelegraph Staff
Bitcoin Eyes $80K as $4B in Short Liquidations Comes Into Focus
BTC/USDT
$16,734,967,002.66
$63,761.99 / $61,544.56
Change: $2,217.43 (3.60%)
+0.0065%
Longs pay
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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