- Over $8.5B in short positions may be liquidated if Bitcoin reaches $115,000.
- Binance leads in leveraged short exposure, followed by OKX and Bybit.
- Key resistance sits at $110,078, with price consolidating near $109,800.
Bitcoin’s recent climb above $109,800 has drawn increased attention to leveraged positioning across major exchanges. With the current price hovering near $109,805, short positions are stacking heavily just above key resistance.
A fresh liquidation map reveals that approximately $8.5 billion worth of cumulative short leverage stands to be wiped out if Bitcoin touches $115,000. This comes as the asset gained 2.6% in the past 24 hours, further narrowing the gap between spot price and the critical liquidation cluster.
Leverage Data Points to Major Cluster Above $110K
The liquidation chart displays a significant buildup of short positions between $110,000 and $117,000. Most of the exposure is concentrated around $115,000, with roughly $8.5 billion of potential short liquidations. This level has become a pressure point, and any move beyond it could result in a cascade effect.
Cumulative short liquidation leverage (in green) has been climbing steadily. It now stands at its highest level since Bitcoin crossed the $100,000 threshold. In contrast, long liquidation leverage (in red) has diminished, showing reduced risk for long-position traders at the current price.
Exchange Data Highlights Market Distribution
Breakdown by exchange reveals Binance, OKX, and Bybit as primary contributors to the leveraged short build-up. The liquidation bar chart shows Binance accounting for the largest chunk, followed by OKX and then Bybit. Most of the exposure appears to have concentrated in the $106,000 to $115,000 range, intensifying as the price nears the top end.
In addition, volume spikes become evident near the $106,192 and $110,332 levels, indicating heavy trading activity in these zones. This aligns with the recent resistance level of $110,078, which is now under pressure as price approaches.
Price and Support Align With Liquidation Risk
Bitcoin currently trades at $109,805, just below the key resistance level of $110,078. The support zone sits at $106,802, which remains intact despite increased volatility. The 24-hour range has stayed within these boundaries, confirming tight consolidation.
As price gravitates toward the $110,000 mark, the liquidation map remains a critical reference for traders. With over $8 billion in short risk stacked above, the next movement could trigger significant liquidations.
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