Bitcoin ready to ‘vaporize’ shorts once price discovery above $110K begins

Key takeaways:An end-of-month Bitcoin price close above $102,400 would set the highest monthly close ever, proving the bull market continues at a rapid pace. Over $3 billion in Bitcoin short positions are vulnerable above $107,000, creating a “liquidation magnet” that could send BTC price to new highs. Bitcoin (BTC) is 11 days from potentially setting its highest monthly candle close in history. After achieving a record weekly close of $106,407 on May 18, BTC could secure a new monthly high by closing above $102,400 this month source: https://cointelegraph.com/news/bitcoin-ready-to-vaporize-shorts-once-price-discovery-above-110k-begins?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound