If Bitcoin's price rebounds to $101,000, it could lead to the liquidation of $11 billion in short positions, according to data from HODL15Capital shared on the X platform. This potential market movement highlights the significant impact of Bitcoin's price fluctuations on leveraged positions, as traders who bet against the cryptocurrency may be forced to cover their positions at a loss.
Bitcoin Price Surge to $101,000 Could Trigger $11 Billion in Short Liquidations
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