Bitcoin shorts above $70K at risk since ‘90% of downside’ is already complete
Burns Brief
Bitcoin price data suggests BTC remains undervalued and that short positions opened above $70,000 face a high risk of liquidation The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $BTC for reaction — a decisive move above or below key levels will confirm the next trend.
Bitcoin price data suggests BTC remains undervalued and that short positions opened above $70,000 face a high risk of liquidation.
Key Takeaways
- Bitcoin price data suggests BTC remains undervalued and that short positions opened above $70,000 face a high risk of liquidation