If Bitcoin price surged to $70,000 unexpectedly, it would cause over $1.67 billion in short positions liquidations catching bearish traders off guard.

📈 “Markets are incredibly bullish right now. Bitcoin and ETH Liquidations are stacked. Bounce imminent,” wrote the CEO of Discover Crypto.

However, another analyst wrote that to go higher market first needs to cool down: “We need a solid amount of liquidations still before we get the all clear for further bullish activity,” suggesting that we might go even lower very soon 📉

But what do you think? 100 days of sideways movement is enough to continue a bullish upside move?

Let's comment:

👍 — I'm bullish

👎 — I'm bearish

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