Bitcoin Soars Past $110,000: Targeting Short Positions for Potential $250,000 Surge

Bitcoin’s price has surged past the $110,000 mark, indicating significant bullish momentum. The rise is attributed to targeted short positions as analysts and traders anticipate a potential jump towards the $250,000 target. Data from Alphractal reveals high-liquidity zones where shorts are concentrated, aligning with bullish signals. 6-month aggregated liquidation heatmap shows BTC approaching these areas, signifying potential for large price movements.