Bitcoin

Bitcoin&#39;s price is hovering around $66,000, reaching its highest level since July 30. A significant event looms over the market as traders closely watch the heatmap of liquidation levels. According to data, around $19 billion worth of short positions are set to liquidate at the $67,000 level.The liquidation zone pointed out in the heatmap model within the Binance exchange show potential for a short squeeze. A <a href="https://cryptotale.org/bitcoin-liquidation-levels-signal-short-squeeze-alert/" rel="noopener noreferrer nofollow">short squeeze</a> is when traders who have taken a short position on the stock expect the price to fall, covering their position and buying the stock as the price rises. As Bitcoin approaches this crucial threshold, the market participants keep watching whether these short positions are going to be forced off.The heatmap reveals an additional $15 billion worth of short liquidations at $70,138 and another $18 billion at $73,400. The combined pressure from these liquidation levels could further fuel Bitcoin&#39;s price rise if the market continues in its current direction.This increase follows Bitcoin&#39;s steady price recovery over the past few weeks. The cryptocurrency market remains highly volatile, with the potential for both upward and downward price movements. However, the cluster of liquidation points at key price levels creates tension in the market. The short squeeze could amplify Bitcoin&#39;s upward momentum if the $67,000 barrier is breached.<a href="https://cryptotale.org/btc-shorts-on-the-verge-of-liquidation-as-price-nears-67k/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

BTC Shorts on the Verge of Liquidation as Price Nears $67k

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