- Nearly $9 billion in short positions could be liquidated if Bitcoin reaches $117,000.
- Binance shows the highest concentration of leveraged positions among major exchanges.
- A short squeeze may occur if BTC breaks above the $110,000–$117,000 resistance range.
A surge of liquidations may be on the horizon for Bitcoin, as fresh data indicates that nearly $9 billion in short positions could be wiped out if BTC reaches the $117,000 mark. The newest liquidation chart indicates an increasing level of short leverage orders building up above the current price, which could lead the way to what may turn out to be a historic short squeeze in the event of sustained bullish momentum.
Short Leverage Builds Ahead of Key Resistance
Bitcoin is currently trading at approximately $104,622, reflecting a modest 0.7% decline in the last 24 hours. However, the broader market focus is turning toward the liquidation levels sitting further up the price ladder. The increase in green on the map is indicative of an overall trend: as the price hits $117,000, short liquidation leverage grows significantly. If BTC surpasses this barrier, many short positions would be closed which could bring new market volatility.
This accumulation indicates that various traders are betting on a lower price in the near future, above the market’s current value. If Bitcoin keeps rising, these positions may be closed which might cause even greater price momentum as liquidations spread.
Binance Dominates Leverage as Risk Zones Tighten
The liquidation data spans across major derivatives exchanges such as Binance, OKX, and Bybit. Of the three, Binance appears to hold the largest share of leveraged positions, particularly on the long side below the current market price and short positions above it. These concentrations are noteworthy because they reflect both market sentiment and potential risk zones.
Long liquidations are heavily clustered between the $102,000 to $106,000 range, with additional risk pockets appearing just above $110,000. The layered structure of these liquidation levels creates a bracketed trading zone where price moves could intensify. A move toward $117,000 would not only test current resistance but also liquidate billions in short interest, significantly altering market dynamics.
Leveraged Positions Signal Brewing Volatility
Bitcoin’s current 24-hour trading range sits between $104,636 (support) and $105,910 (resistance), indicating relatively narrow price action in the short term. However, the positioning of leveraged traders suggests that volatility could be brewing just beyond this range. The liquidation map offers a glimpse into the behavior of leveraged traders, whose positions often act as fuel for larger moves once triggered.
While Bitcoin remains within this compressed band, traders and analysts alike are watching closely. Should the price begin to test and breach key resistance levels, particularly the $110,000 to $117,000 zone, the resulting short squeeze could act as a catalyst for accelerated gains.
The buildup of short positions above $105,000 raises the prospect of a sharp market reaction if Bitcoin’s price climbs significantly. With approximately $9 billion in shorts at risk of liquidation near $117,000, market participants should be prepared for potential volatility and large price movements in the near term.
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