A $332M short position in Bitcoin faces liquidation at $85,300, potentially triggering a short squeeze. Market analysts watch for a possible spike in prices, with resistance likely causing consolidation. Market dynamics suggest a move above $85,300 could lead to rapid price increases but remaining below could result in market consolidation. Future sentiment will be influenced by economic data and institutional activities.
Summary: Market analysts observe a $332M Bitcoin short position facing liquidation at $85,300, potentially causing a short squeeze and price spike. Market resistance may lead to consolidation. Future sentiment hinges on economic data and institutional activities.