$3 Billion Short Positions Face Potential Wipes Out at Bitcoin’s $117,000

A significant amount of short positions in Bitcoin could be liquidated if the price crosses $117,000. This event may trigger further bullish momentum as traders are forced to buy BTC to cover their losses. The market is currently experiencing a notable rally, and this potential liquidation event could fuel more upward movement. 3 Billion dollars worth of short positions stand at risk of being wiped out if Bitcoin breaks above $117,000. This significant price milestone may create an opportunity for bullish traders to capitalize on the increased buying pressure.