Bitcoin is approaching the crucial $115,000 level, with over $8.5 billion in short positions poised to be liquidated. This surge in volatility raises concerns for traders as key resistance near $110,078 tightens the market’s grip. 2.6% growth from the previous 24 hours continues to push Bitcoin closer to this significant threshold, highlighting potential trigger points for further price fluctuations. Analysis reveals a substantial short-term buildup of leverage between $110,000 and $117,000, with roughly $8.5 billion at risk if the price breaches through $115,000. A recent liquidation chart paints a vivid picture: this level is acting as a pressure point for traders, with any movement above it potentially triggering a cascading effect of liquidations.