🚀 Bitcoin short sellers might be biting their nails as BTC inches towards $70,000. If it hits, a whopping $1.67B in short positions will be liquidated, according to CoinGlass. 📈
🔮 Crypto trader Ash Crypto warns of a "insane amount" of BTC short liquidations piling up. Meanwhile, CoinMarketCap predicts a mere 7.46% increase from the current price of $65,136 would catapult Bitcoin to $70,000.
🎉 Joshua Jake, Discover Crypto CEO, is all smiles, stating "Markets are incredibly bullish right now. Bitcoin and ETH Liquidations are stacked. Bounce imminent."
🧐 Bitcoin's open interest (OI) has dipped by 10.99% since its peak on June 7, but it's still 82% higher compared to Jan 1. Crypto analyst Willy Woo believes a significant liquidation event could set the stage for Bitcoin to achieve new all-time highs.
😴 "Basically, it's The Boring Zone before The Banana Zone," says Julien Bittel, head of research at Global Macro Investor.
What do you think? Is it time to buckle up for a wild ride or are we stuck in the doldrums? Sound off in the comments! 🗣️ #Bitcoin #CryptoNews #DeFi #Web3 #Technology