- $14 billion worth of Bitcoin short trades are set to liquidate when BTC price hits $125,000.
- The price of BTC is currently trading between $121,000 and $122,000.
- Will BTC retrace once more or set a new ATH price first?
The crypto market is in higher spirits with the price of the pioneer crypto asset, Bitcoin (BTC), trading between the $121,000 and $122,000 price range. Analysts expect the price of BTC to continue moving in its upward trajectory to claim a new ATH price soon. To highlight, $14 billion worth of Bitcoin short trades are set to liquidate when the price of BTC surpasses its current ATH to hit $125,000.
$14 Billion Worth of Bitcoin Short Trades Set to Liquidate at $125,000
The price of Bitcoin (BTC) stands on the precipice of a great bullish wave pulling all crypto market prices to new ATH targets and into the vast and abundant space of price discovery. Presently, BTC is under a 2% pump away from setting a new ATH by breaking past the $123,000 price range. Trading between $121,000 and $122,000, analysts believe a great pump is underway for BTC price.
To highlight, many analysts have already set bullish targets for the price of Bitcoin (BTC) in the coming days ahead, between $130,000 and $145,000. However, where the price of BTC is expected to go in the next few hours, analysts believe the immediate pump target for BTC beyond $123,000 is $125,000, and if BTC hits $125,000, then $14 million worth of Bitcoin shoes is expected to get liquidated immediately.
By liquidating such a huge number of shorts and unlocking liquidity at this stage, the price of BTC will only be propelled further to hit a much higher ATH target, perhaps towards the $150,000 price range, if not higher. What’s more, if the price of BTC pumps, then the price of ETH is set to follow, and with it the rest of the altcoin market, as liquidity will cascade throughout the entire bullish crypto market.
Tom Lee Says Buying Bitcoin Today is Still Early
With BTC hitting such highs and aiming to hit even greater highs, most investors are hesitant to enter the market and hold Bitcoin (BTC). To this, Bitmine Immersion’s Board Chair, Thomas ‘Tom Lee’ Lee states that if one chooses to buy BTC today, then they are still early. He goes on to highlight how 95% of investors have 0 Bitcoin exposure, meaning holding even a small amount of BTC now is a promising move.
As we can see from the video in the post above, Tom Lee compares Bitcoin to the Internet. He says that if one looks at Bitcoin wallets, comparing them to the Internet, it’s showing 1996 levels, marking early stages for Bitcoin (BTC) and its holders. He also states that nothing is secure anymore due to technological advancements and that the most trusted blockchain now is Bitcoin, which is why it is crucial for all to hold BTC.
