TechFlow news, on July 15, Matrixport released its daily chart analysis showing that Bitcoin short liquidations have recently risen significantly, approaching the high levels seen in early November 2024. According to the latest data, short liquidations over the past week have reached $900 million, compared to a peak of $1.1 billion in early November 2024.
Bitcoin's price has currently broken above $120,000 and is approaching the key resistance level of $122,000. Analyst Markus Thielen pointed out that a successful breakout above this level could not only surpass the previous resistance at $106,000 but may also continue the upward momentum of "rising one step every $16,000," unlocking further upside potential.
Notably, despite July historically being a strong month for Bitcoin and the upcoming "Crypto Policy Week," there remains a large number of short positions in the market, indicating that short-side risks are building again, making future price movements worth watching.
