Key takeaways:
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A minor 4.3% Bitcoin price increase to $69,600 could trigger over $600 million in forced liquidations for bearish traders.
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Rising network hashrate and the BIP-360 quantum security proposal are helping to diminish long-term technical concerns.
Bitcoin (BTC) has remained confined within a relatively tight range of $65,900 to $70,500 over the past week. This stagnation has encouraged bearish traders, particularly as other major asset classes displayed resilience. However, even if Bitcoin requires months to reclaim the $90,000 level, excessive bearish confidence could trigger a wave of forced liquidations in futures positions, rapidly shifting momentum back to the bulls.
According to CoinGlass estimates, a…
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Source cointelegraph.com
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