Shorts Lack Firepower Above $104,000

[nihalsari]

On the upside, liquidation data paints a different picture. Only around $2 billion in short positions would be liquidated if Bitcoin rallies above $104,000.

That relatively small pool means fewer forced buys to fuel a classic short squeeze. Unless short exposure rebuilds, upside moves may rely more on spot demand than liquidations.

[ed]

this setup feels calm until it very suddenly isn’t