The post Over $3B in Bitcoin Shorts Set for Liquidation at $100K: Details appeared on BitcoinEthereumNews.com.

With bullish momentum now dominating the Bitcoin market, those betting against the uptrend are at risk of a historic liquidation. At press time, Bitcoin has returned to the $97K level after briefly dipping to $96K earlier today. Meanwhile, the rally to $97,500 is setting the stage for a potential liquidation cascade. Over $3 billion in short positions are vulnerable above the key $100,000 mark, according to data from Coinglass. $3B Short Squeeze at $100K The liquidation heatmap reveals a significant cluster of short positions across major exchanges, including Bybit, OKX, and Binance, concentrated between $97K and $100K. As the price climbs, cumulative short liquidation leverage is now trending toward $4 billion. This indicates that leveraged bears are increasingly exposed. At the $100K breakout level, bears on these exchanges would face losses of around $3.04 billion. As the price continues upward, those losses become even more pronounced. Specifically, a Bitcoin move to $105K would trigger around $3.73 billion in liquidations, and at its all-time high near $109K, the total could approach $4 billion. Bitcoin shorts are at liquidation risk Meanwhile, long positions have largely been cleared out during the recent correction. The cumulative long liquidation leverage (red curve) has sharply declined, suggesting the market has reset. This leaves room for a potential upside breakout with minimal resistance from overleveraged bulls. Notably, crypto analyst Carl Moon highlighted the setup on X, stating, “Let’s send it.” His remark highlights the growing sentiment that a short squeeze could propel BTC well beyond six figures. Bitcoin at a Critical Resistance Point Currently, Bitcoin is trading within one of its biggest resistance zones. Data from IntoTheBlock shows that between the $96K and $98K range, around 1.06 million addresses acquired approximately 750,800 BTC, worth about $73 billion.  This makes it Bitcoin’s largest supply zone. Once this barrier…

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Filed under: News - @ May 2, 2025 9:19 pm