Analysis: Bitcoin accelerates through dense short liquidation zone, covering demand will further drive up prices.

BlockBeats news, September 21: glassnode posted that BTC has accelerated through the dense short liquidation zone as expected. Over the past few months, a large number of short positions accumulated in the $82,000 to $86,000 range, but the previous pullbacks from this range were relatively shallow. Now, these short positions have instead become a driving force for the rally, as short traders need to buy back BTC.