Matrixport: Short Squeeze Intensifies, Bitcoin Nears Key Resistance Level of $122,000

By: theblockbeats.news|2025/07/15 07:01:40

BlockBeats News, July 15th, Matrixport released its daily analysis stating that the Bitcoin short liquidation volume has recently surged, nearing the high seen in early November 2024. At that time, many traders attempted to short during a rebound but the price did not fall back as expected. Instead, it oscillated at the high before experiencing a pullback influenced by tariff policies.


Specifically, the weekly short liquidation volume in early November 2024 once soared to $1.1 billion. In the past week, it has also reached $900 million, indicating that the short risk is building up again. Although July has always been a strong month for Bitcoin and the "Crypto Policy Week" is about to begin, there are still a large number of short positions in the market that deserve attention.


If Bitcoin breaks through $122,000, it not only has the potential to surpass the previous resistance at $106,000 but also may continue the upward trend in $16,000 increments, unleashing more upside potential.

You may also like

WEEX Global Journey 2025: Connecting the World of Web3

WEEX Global Journey 2025: Connecting the World of Web3

WEEX’s H2 2025 global tour is hitting top blockchain stages and exclusive community meetups worldwide — connecting with real builders, sparking honest conversations, and creating lasting trust. Our mission: make trading simpler, confidence stronger, and crypto trusted across the globe.

WEEX|2025/08/08 08:04:07
News thumbnail

Emmet Finance (EMMET) IDO: Should You Jump In?

I’ve been digging into new DeFi projects lately, and one that caught my eye is the upcoming Emmet…

crypto insight|2025/08/08 09:10:17
News thumbnail

SEC Invites Public Input on Franklin Templeton’s XRP and SOL ETF Proposals as of August 8, 2025

Imagine the world of cryptocurrency investing opening up like a treasure chest that’s been locked for years. That’s…

crypto insight|2025/08/08 06:30:18
News thumbnail

Dogecoin Active Addresses Explode by 528% – Is a Massive DOGE Price Rally on the Horizon?

As of August 8, 2025, Dogecoin is capturing attention once again with its price showing renewed vigor following…

crypto insight|2025/08/08 06:20:19
News thumbnail

PNC Bank Unveils Crypto Trading Services Through Coinbase Partnership

Imagine stepping into the future of finance where your everyday bank account seamlessly connects you to the exciting…

crypto insight|2025/08/08 06:20:20
Share
copy

Gainers

Community
iconiconiconiconiconiconicon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MMbd@weex.com

VIP Servicessupport@weex.com