Bitcoin Bulls Eye $75,300: Expert Predicts Liquidation Wave As Shorts Struggle

Bitcoin (BTC) has continued to climb in the wake of the ceasefire between Iran and the US, and it has now reclaimed the $73,000 level as geopolitical tensions cool and oil prices drop. 

The move has kept momentum building after the initial surge following the truce, with some analysts arguing that the market is approaching a point where short positions could be forced to unwind rapidly.

Martinez suggested that a push toward $75,300 could wipe out roughly $80 million worth of short positions. He warned that this could set off a cascading effect—an initial wave of liquidations that then accelerates into a sharper, faster move as the broader market reacts.

In his framing, market makers and large holders often move prices toward high-liquidity zones to “flush” speculators, using the buyback pressure that results from liquidations as fuel for an upward drive. 

In his interpretation, as long as Bitcoin trades inside that band, those investors are psychologically incentivized to defend their entries, which can help stabilize the price.

Beyond the immediate liquidation narrative, Martinez also pointed to what he described as a long-standing technical “Decade Trendline,” which he characterized as one of Bitcoin’s most respected technical reference points. 

According to Martinez, Bitcoin is approaching this line now, between roughly $56,000 and $60,000, and that historically this is where “smart money” tends to complete accumulation before the next leg upward.

However, Bitcoin would need to decline by a further 23% and 17%, respectively, from its current trading price of over $73,000 to reach the range indicated by the expert. 

In his view, the current CVDD value is around $47,960. He described it as the “ultimate structural foundation,” and added that if the broader macro environment deteriorates, this is the level where he expects a violent reversal to the upside.

Featured image from OpenArt, chart from TradingView.com