Jiang Zhuoer (江卓尔), founder of the Chinese mining pool BTC.top, stated on X that “BTC is likely to rise to $87,000-$87,500 in the short term, followed by a retracement below $79,000. This is because a significant portion of short position liquidations located at the top has been exhausted due to BTC's recent surge from $78,000 to $87,000. Currently, based on $86,000, if the price increases by $10,000, the estimated short liquidation volume is $440 million, whereas if it falls by $10,000, the long liquidation volume could reach $1.66 billion.”
