Bitcoin

when

Billion

Coin

<ul class="news-points">
 <li>A potential $9.26B short liquidation could trigger a Bitcoin price surge if a new ATH is reached.</li>
 <li>Weakening support at $67,200 and lower highs indicate increased selling pressure on Bitcoin.</li>
 <li>Bitcoin’s critical support at $63,800 may determine its next significant move amid heightened market uncertainty.</li>
</ul>
Bitcoin’s market stands at a critical juncture, with potential implications for both bullish and bearish traders. As highlighted by Eljaboom, a Bitcoin investor and Forbes 30 Under 30 recipient, a major liquidation event looms. If Bitcoin reaches a new all-time high (ATH), $9.26 billion in shorts could be liquidated. A few key indicators underscore this potential for a dramatic price surge.
The funding rate has decreased, indicating an increase in short positions. Additionally, the Coinbase Premium has turned positive, suggesting heightened spot demand.
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Liquidation <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">&nbsp; &nbsp; $9.26 billion worth of shorts will get liquidated when BTC hits a new ATH. &nbsp; The funding rate has gone down (more shorts) &nbsp; Coinbase Premium has turned positive (more spot demand) &nbsp; There would be no surprise if BTC pumps big from here. <a href="https://t.co/Gsihg17Cry" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Gsihg17Cry</a>— Elja (@Eljaboom) <a href="https://twitter.com/Eljaboom/status/1802970785406971952?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 18, 2024…</a>
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The post <a href="https://coinedition.com/bitcoins-price-is-about-to-get-wild-9-billion-liquidation-event-possible/" rel="noopener noreferrer nofollow">Bitcoin’s Price Is About to Get Wild: $9 Billion Liquidation Event Possible</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin’s Price Is About to Get Wild: $9 Billion Liquidation Event Possible

Coin Edition

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