- BTC shorts worth $11.5B could be liquidated at $111K
- CoinGlass highlights rising liquidation risk
- Bullish momentum might trigger a major short squeeze
According to new data from CoinGlass, Bitcoin short positions totaling $11.5 billion could be wiped out if the cryptocurrency reaches its all-time high (ATH) of $111.9K. This looming threat of mass liquidations adds fresh excitement—and risk—to the ongoing BTC rally.
Bitcoin’s bullish momentum continues to build as it flirts with the $70K range. While long-term holders are optimistic, short sellers are on edge. CoinGlass data shows that $11.5B worth of shorts are hanging by a thread, vulnerable to liquidation if BTC touches its previous ATH.
Why the $111K Level Matters
The $111.9K level isn’t just a psychological milestone—it’s also a liquidation trigger. At this point, many leveraged short positions would face automatic closure, forcing traders to buy back BTC at higher prices. This action, often referred to as a “short squeeze,” could drive prices even higher.
Short squeezes are common in crypto markets due to high volatility and leverage. When too many traders bet against an asset and the price climbs instead, the result is often a sudden upward spike as positions are liquidated. If Bitcoin pushes past $100K, the final stretch to $111K could become explosive.
What This Means for Traders
For traders, this data is a double-edged sword. Bulls see opportunity—a massive short squeeze could fuel a parabolic rally. Bears, however, may need to reassess their risk exposure.
With sentiment shifting and institutional interest in Bitcoin growing, betting against BTC might not be the safest play right now. CoinGlass’s figures serve as a reminder: in crypto, positions can turn rapidly, and $11.5B in liquidations is no small warning.
