Millions in Short Positions at Risk if Bitcoin Surpasses $105,000

Crypto analyst Ali Martinez warns of potential mass liquidation as Bitcoin approaches the $105,000 mark. Over $23.65 million worth of short positions could be liquidated if BTC breaks back above this level. Data from CoinGlass’s heatmap reveals a concentrated cluster of shorts just above $105,000, hinting at a potential ‘short squeeze’ scenario. This pressure would force short sellers to buy back Bitcoin to cover their positions, potentially accelerating price growth upward.