Bitcoin liquidation data points to ‘absurd’ potential rally to $100K: Analyst - Source: CoinTelegraph

Bitcoin’s sharp 7.4% rebound kick-started the first week of January and has shifted market focus back to futures positioning, where liquidation data suggests the price action may be asymmetric.

Key takeaways:

• -Over $10.6 billion in long liquidations sit below $84,000, versus just $2 billion in shorts above $104,000.

• -Retail positioning on Hyperliquid shows shorts are more vulnerable to upside squeezes than longs to downside moves.

• -Bitcoin must reclaim the $100,000 cost basis to confirm a structural trend reversal.

Story continues: https://cointelegraph.com/news/bitcoin-liquidation-data-point-to-absurd-potential-rally-to-dollar100k-analyst