Killa(@KillaXBT):You have approximately 5B in visible $BTC short liquidations from 83-85K. In an uptrend, shorts getting liquidated are forced to buy back their positions. Those market buys push price higher, liquidating more shorts above and creating a chain reaction of demand. The same thing happened during the move from 67K to 80K and I expect the next leg higher to play out the same way.

Killa

@KillaXBT

Quantitative trader, 7 years. (Access Closed)

가입 September 2024

155 팔로잉 중 230.9K 팬

Killa@KillaXBT

53minutes ago

You have approximately 5B in visible $BTC short liquidations from 83-85K. In an uptrend, shorts getting liquidated are forced to buy back their positions. Those market buys push price higher, liquidating more shorts above and creating a chain reaction of demand. The same thing happened during the move from 67K to 80K and I expect the next leg higher to play out the same way.