logo

Matrixport: Short Squeeze Intensifies, Bitcoin Nears Key Resistance Level of $122,000

By: theblockbeats.news|2025/07/15 07:22:04

BlockBeats News, July 15th, Matrixport released its daily analysis stating that the Bitcoin short liquidation volume has recently surged, nearing the high seen in early November 2024. At that time, many traders attempted to short during a rebound but the price did not fall back as expected. Instead, it oscillated at the high before experiencing a pullback influenced by tariff policies.


Specifically, the weekly short liquidation volume in early November 2024 once soared to $1.1 billion. In the past week, it has also reached $900 million, indicating that the short risk is building up again. Although July has always been a strong month for Bitcoin and the "Crypto Policy Week" is about to begin, there are still a large number of short positions in the market that deserve attention.


If Bitcoin breaks through $122,000, it not only has the potential to surpass the previous resistance at $106,000 but also may continue the upward trend in $16,000 increments, unleashing more upside potential.

A whale sold 2.75 million FARTCOIN in exchange for 599 million PUMP, and still holds $1.02 million worth of FARTCOIN
Four.meme Intern's Fora Post Accidentally Triggers $Hello, Soars 2800%, Market Cap Surges to $2 Million

You may also like

Share
copy

Gainers

Latest Crypto News

06:45

Jiangnan Technology Teams Up with SynVista to Launch AI Green Mining Platform

06:45

The US Ethereum Spot ETF experiences 5 consecutive days of net inflows ending, with a net outflow of $79 million yesterday.

05:45

Suspected Ethena Labs Withdraws Another 25 Million ENA

05:45

Yesterday's Whale Trader Who Perfectly Shorted Before the Major Drop Goes Long on ETH with 2x Leverage, Holding a Position Worth $56 Million

05:15

Tom Lee: S&P 500 to Rise to 7300, Surge in Market Liquidity Could Be Explosive

Read more
Community
icon
icon
icon
icon
icon
icon
icon
icon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MM[email protected]

VIP Services[email protected]