Bitcoin Short Squeeze Looms as More Than $600 Million Exposed at Crucial Price Point

Bitcoin’s price continues to climb today, but a significant level of short positions stands ready for liquidation. Analyst Ali Martinez highlights that if Bitcoin reaches $86,900, more than $600 million in leveraged shorts are at risk of being forced into closure. 50x and 100x positioned traders account for much of this exposure, as the potential for a price spike creates immense volatility. 83,950 Bitcoin currently sits around $86,900 and needs to reach that level by more than 3.5% for liquidation to take place.