Bitcoin short liquidations are stacking up as BTC pushes closer to $110,000. After breaking the crucial psychological barrier at $100,000, Bitcoin has already forced $2.17 billion in short positions to close. According to CoinGlass, a further $1.19 billion may be wiped out if the price climbs above $110K.
Bitcoin Short Liquidations Keep Rising
The current rally has triggered significant Bitcoin short liquidations. At $102,800, BTC is gaining daily momentum. Short sellers are feeling the pressure as funding rates increase and bullish momentum grows.
Data from CoinGlass shows that open interest in BTC futures is at a 3-month high. This suggests that more traders are betting on rising prices, which may accelerate short squeezes if the rally continues.
Bitcoin Resistance Levels Are Being Tested
Bitcoin recently broke through key resistance levels, especially the $100,000 threshold. If bulls push past $110,000, new resistance could emerge near $120K and $135K.
The market is showing strong technical signals. RSI and MACD indicators support upward movement, and support at $100K is holding firm.
Short sellers have already lost over $2 billion since BTC broke $100K. This reflects increased speculative pressure and rising risk for those betting against Bitcoin.
Bitcoin Price Movement Points to Extended Rally
The current Bitcoin price movement suggests more upside potential. Traders are optimistic about ETF inflows, positive macro sentiment, and growing institutional demand.
As Bitcoin continues to break resistance, short sellers may suffer greater losses. If BTC climbs to $120K or beyond, liquidations could fuel a feedback loop of buying.
Many analysts believe that we’re entering a new price discovery phase. The increased number of Bitcoin millionaires also reflects growing long-term holding and reduced selling pressure.
