Bitcoin continues to rise: Bitcoin is currently trading at 96,204.85 USD, only 3.3% away from its all-time high of 99,655.50 USD. This distance has shrunk just after six days.
Severe liquidation volume: Data shows that 186.15 million USD has been liquidated in the crypto market, of which 84.43 million USD was from short positions, boosting Bitcoin’s price.
Risk of price drop: If Bitcoin drops below 94,300 USD, about 1.12 billion USD in long positions could be liquidated, significantly impacting the price.
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