Bitcoin Short Squeeze Looms as $9 Billion Ready to Liquidate

A looming short squeeze on Bitcoin may be brewing as nearly $9 billion in short positions are clustered above $105,000. This accumulation of leveraged trades signifies a potential catalyst for volatility if Bitcoin breaks the crucial resistance levels between $110,000 and $117,000. Analysts predict that with Bitcoin price poised to reach these levels, billions in short positions may be liquidated, potentially triggering a chain reaction of price spikes.