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Golden Finance reported that an analyst from Rekt Capital said that if BTC breaks through $65,000, the price will be ready to enter the range of $65,000-$71,500. If BTC pumps to $71,500, the next important level will be the high of $73,649 on March 13. However, a large number of short positions face the risk of liquidation at $71,500, which means that many futures traders believe that the price will not reach this level for now. According to CoinGlass data, about $1.47 billion in short positions will be liquidated at $71,500.


However, the confidence of futures traders has been restored in the past five days, and the total number of open options contracts (OI) (the total number of BTC options contracts held by traders at a specific time that have not been executed) has surged 13% during the same period.
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