Jiang Zhuoer: long liquidations below BTC nearly 4x larger than shorts above
- —BTC's rally from $78,000 to $87,000 has nearly exhausted shorts above
- —A $10,000 rise would liquidate about $440 million in shorts on Binance
- —A $10,000 drop would liquidate $1.663 billion in longs
- —Forecast: a push past $87,500, then a drop below $79,000
Why it matters: The liquidation imbalance signals downside risk after a possible short squeeze toward $87,500.
Source: PANews