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I like that a few 10k chunks of Bitcoin moving doesn’t create major market impact. $8 Billion is not nothing, but if at all sold it’ll be scooped up fast by an army of largely institutional buyers. This is the level of adoption we just dreamed of a few years ago.
$6,000,000,000 worth of Bitcoin shorts to be liquidated at $115,000 👀 NEVER SHORT BITCOIN. https://t.co/i8lonsRHSC
If $8 billion worth of Bitcoin is sold, we'd see Bitcoin in the low $90k range. It could be more severe depending on liquidations, panic selling, and stop losses. OR If this somehow gets absorbed OTC and we stay above $100k, then I'd consider that hyper bullish.
Over $6 billion worth of Bitcoin short positions face potential liquidation if the cryptocurrency's price surpasses the $115,000 mark, according to multiple sources including Cointelegraph and WhaleInsider. Some reports suggest the liquidation threshold could be as high as $120,000, while others note that at $113,000, more than $5 billion in shorts could be liquidated. Market analysts highlight that daily Bitcoin trading volumes range between $40 billion and $60 billion across spot exchanges and ETFs, indicating that even large sell-offs might be absorbed without drastic price impacts. Institutional buyers are expected to quickly purchase any liquidated Bitcoin, reflecting a level of market adoption that was previously unattainable. The potential liquidation events underscore the volatility and significant trading activity surrounding Bitcoin at these price levels.
