$600M Bitcoin Short Liquidation Shakes Traders – What Does This Mean For Price?

Bitcoin continues to consolidate within the $88,000 price zone, resulting in no significant price move over the last day. The “digital gold” had experienced a highly volatile trading week, marked by swift price swings between $85,000 and $90,000. During this period, the Bitcoin futures markets registered two major short liquidation events, which could meaningfully impact price trajectory in the days ahead. Related Reading: Bitcoin In Standby Mode: Weekend Ranges Rule Before Holiday ‘Chop’ Bitcoin $600M Short Liquidation To Limit Price Upside: Analyst  In a QuickTake post on December 20, popular analyst Amr Taha highlights some important developments in the Bitcoin futures markets with significant implications for price growth. As the premier cryptocurrency struggled to establish a stable price direction over the last week, the market recorded two consecutive short liquidation events, eventually pushing prices to trade above the $87,700 price level. Notably, short liquidation occurs aft