Speculations about a potential $8 billion Bitcoin short liquidation at the price point of $117,000 are gaining traction in the crypto market. While these claims remain unverified, recent market volatility fueled by institutional activity and extreme liquidity events is contributing to speculation. 8-figure liquidations are being reported even without confirmation from key figures like exchanges or regulatory bodies. The lack of official statements from industry leaders, however, hasn’t halted the rise of this topic, which has been highlighted by major players like MicroStrategy, who are known for their extensive Bitcoin investments. 8-figure liquidations are being reported in a market experiencing extreme volatility. These trends have been observed across exchanges such as Binance and Coinbase, with transactions surging during these turbulent times. On-chain data reveals a significant shift in liquidity and market activity, particularly evident in Bitcoin and Ethereum. Recent market events, including the handling of the largest liquidations ever experienced during a flash crash, have largely impacted long positions rather than short positions. While some on-chain activity has been tied to forced liquidations by exchanges during significant market shifts, this activity hasn’t directly correlated with short positions reaching the trillion-dollar valuation in question. The crypto community is calling for enhanced market safeguards, but these discussions don’t specifically address the $8 billion short liquidation scenario. It remains unclear if and when more information will emerge, as it would likely originate from industry leaders or regulatory announcements.