Bitcoin’s Price May Trigger a Massive Short Squeeze Near $111K

A massive short squeeze could occur in the Bitcoin market if prices break above $111,000. This surge of selling pressure, triggered by leveraged traders exiting their positions, could create a significant price acceleration and further amplify volatility. The data reveals a cluster of around $1.13 billion in short positions are vulnerable at this level, ready to be liquidated as the price surpasses it. This high-risk, high-reward scenario has implications for both bulls and bears.