Bitcoin Shorts Facing Liquidations Near $125K as Open Interest Reaches Record High

The Bitcoin market is experiencing significant activity, with short positions nearing liquidation at the $125,000 level. This comes as open interest in Bitcoin futures reaches record highs of over $100 billion and a net inflow of $251.92 million drives sustained price gains. According to Cointelegraph, recent market trends have seen concentrated short-term liquidation activity within the $118041 to $121261 price range. These spikes in trading volumes, particularly on Binance, OKX and Bybit, have been observed across various exchanges during this period.