Bitcoin Short Positions Face $5 Billion Liquidation Risk at Potential Price Surge to $115,000

Recent price fluctuations in Bitcoin have brought short positions to the brink of liquidation. With the cryptocurrency hovering around the $102,853 level after a 6.51% decline over the past week, approximately $5 billion in short positions are at risk if the market experiences a significant rebound towards $115,000. This potential move is particularly concerning as it would mark nearly three times the amount of liquidation triggered during the previous downturn from $116,000 to $104,000.