High leverage levels among traders are raising concerns about potential Bitcoin liquidations. The rise in short-term liquidations suggests that bearish traders may face significant losses, while long positions are also experiencing elevated risk. A concentration of liquidation points around the $111,000 mark could trigger aggressive sell-offs. Bitcoin’s price fluctuation has stabilized near $110,500, with both long and short positions vulnerable to price shifts in the coming days. Recent withdrawals from exchanges indicate a shift towards longer-term holding strategies, potentially reflecting an accumulation trend. However, this decline in exchange reserves also signals reduced selling pressure. The volatile market, characterized by reduced trading activity and declining volumes, further accentuates uncertainty for investors.