Greeks.live: Most traders believe that concentrated short liquidations could push BTC prices to $113,000 or even new all-time highs
Odaily Planet Daily reports that Adam, a macro researcher at Greeks.live, has released a briefing for the Chinese community, highlighting that there are clear divisions within groups regarding Bitcoin’s price trend. Most traders believe that concentrated short liquidations could drive the price to $113,000 or even a new all-time high. However, some question the current rally, citing a lack of participation from the options market and declining open interest (OI). Traders are generally focused on implied volatility (IV) levels and the status of short liquidations, with the consensus being that the current movement is more driven by futures than spot buying power.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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