Unverified $8 Billion Bitcoin Short Claims Spark Market Volatility

Rumors of an impending $8 billion Bitcoin short liquidation are circulating, but lack official confirmation from exchanges or market leaders. While traders speculate on the potential impact of a 5% BTC price surge to $117,000 on heavily leveraged positions, no concrete evidence exists yet. Recent liquidations have predominantly been driven by macroeconomic events rather than short squeezes, as long positions hold a larger share of trades.