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Bitcoin shorts above $70K face liquidation risk as 90% of downside is priced in, signaling undervaluation.

Market News
13 Apr 2026
Cointelegraph
View Source
Bullish
pluang ai news

Bitcoin futures data shows traders who shorted above $70,000 risk liquidation amid a recent deleveraging phase, with open interest dropping and funding rates turning negative. Long-term valuation metrics indicate Bitcoin is undervalued, with nearly 90% of the downside already priced in, suggesting limited further price drops. This setup could lead to a short squeeze if demand returns, as the market stabilizes above $70,000. Investors are advised to watch liquidity zones around $64,000-$66,000 and resistance near $74,000.

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