Over $2 billion in Bitcoin long positions are concentrated between the $106,000 and $108,000 levels, according to Coinomedia. Analysts indicate that a potential liquidity sweep in this range could lead to a significant bullish breakout. A short-term dip might trigger liquidations, potentially setting the stage for a stronger rally. Traders are closely watching Bitcoin's movements around the $106,000 mark for indications of the next major trend.
$2 Billion in Bitcoin Longs at Risk Near $108,000 Level
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