Bitcoin’s Price Climbs Towards $115K: Short Squeeze Risk Looms

Bitcoin is nearing the $115,000 mark as bullish momentum fuels its price surge. Technical indicators suggest a breakout above $116,000 could propel Bitcoin toward its long-term target of $165,000. Short sellers are facing increased pressure as liquidations on major exchanges like Binance and OKX are climbing beyond $103,000 while long liquidation rates are declining amidst a period of consolidation.