Bitcoin Short Positions Face Potential Liquidation Wave as Price Approaches All-Time High

A significant risk for short traders exists as Bitcoin (BTC) approaches its all-time high of $111,900. CoinGlass data reveals an estimated $11.5 billion in short positions on major exchanges are at risk if prices surge. This comes from a heavy concentration of short leverage between $105,000 and $112,000. The current BTC price is around $104,755. As liquidation pressure builds, a further rally could trigger a cascade of short-covering trades.