Bitcoin Approaches Short-Squeeze Threshold: Could Price Surge Reach $83,100?

Recent data reveals Bitcoin’s price is poised on the brink of a significant price surge. Key factors contributing to this are clustered short positions between $83,100 and $83,500, forming a critical threshold for market volatility. 30 March data shows Bitcoin close to these levels, with a tight cluster of short liquidation zones positioned between $83,100 and $83,500. This suggests that the price is nearing a potential breakout point. Market Volatility The short positions cluster was found between $83,100 and $83,500 while long liquidations were below $82,400, indicating an impending volatility in the market.