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Analysis: Bitcoin short positions liquidation rises, approaching the resistance level of 122,000 USD
PANews news on July 15 reported that according to Matrixport analysis, the Bitcoin short positions liquidation volume has significantly increased recently, nearing the highs of early November 2024. At that time, many traders attempted to short during the rebound market, but the price did not fall back as expected; instead, after fluctuating at high levels, it experienced a pullback influenced by tariff policies. Currently, the weekly short liquidation volume has reached $900 million, indicating that short risk in the market is accumulating. Analysis indicates that July is usually a strong month for Bitcoin. The crypto policy week is about to begin, but there are still a large number of short positions in the market. If Bitcoin breaks through $122,000, it is expected not only to break the previous resistance level of $106,000 but also to continue the upward rhythm of every $16,000 level, releasing more upward potential.