Bitcoin reaches for $87K as short liquidations top $120M
- —Bitcoin hit new October highs near $87,800
- —Short liquidations exceeded $120 million
- —Buyers cleared a wall of ask liquidity
- —The zone just above price is now new resistance
Why it matters: Clearing the ask wall and rising short liquidations reinforce bullish momentum, but the area above $87,800 now decides whether the rally extends toward $90,000.
Source: Cointelegraph