Bitcoin short liquidation leverage has climbed to $16.41B with major clusters above $116K.
Bybit leads with $40.42M in short liquidations, followed by Binance at $18.78M and OKX.
The $125K level is a high-risk zone that could trigger a large-scale Bitcoin short squeeze.
Bitcoin’s exchange liquidation data shows $16.41 billion in cumulative short liquidation leverage, signaling growing volatility risk for leveraged traders. Current price data points to the $116,424 level as a critical threshold, with $803.19 million in liquidations already recorded within the observed range.
https://twitter.com/martypartymusic/status/1954006322221134220 Rising Short Liquidation Pressure Across Exchanges
The Bitcoin Exchange Liquidation Map reveals a sharp build-up in short liquidation leverage, with Binance, OKX, and Bybit accounting for notable exposure. Bybit holds $40.42 million in liquidation volume, Binance reports $18.78 million, and OKX records $1.23 million in the same category.
This increase comes as BTC trades near the $116,000 mark, with traders positioned against the recent market momentum facing heightened margin calls. Historically, concentrated liquidation levels have triggered rapid price surges as short positions are forced to cover.
The map indicates a steep rise in short liquidation leverage starting from the $111,000 price range, intensifying toward the $125,000 zone. Such clustering often reflects aggressive positioning by traders expecting a downside reversal that has yet to materialize.
Long Liquidations in Decline While Short Risk Mounts
In contrast to the surge in short liquidation leverage, cumulative long liquidation leverage has steadily decreased, falling from over $400 million to near $410,000 in recent sessions. This trend suggests reduced selling pressure from long-position traders, giving bulls greater room to advance.
Liquidation activity on Binance, OKX, and Bybit has varied in scale but collectively aligns with the broader shift away from long-side risk. The ongoing divergence between long and short liquidation volumes provides a clear signal of market sentiment skewing toward bullish positioning.
If the current price trajectory holds, short positions at higher leverage points could face cascading liquidations, fueling upward volatility in the BTC market. This pattern has previously resulted in multi-thousand-dollar price moves within short timeframes.
Key Price Levels and Market Impact
The liquidation map outlines specific price levels where liquidation pressure is most concentrated, with $125,113 standing out as a high-risk zone for shorts. Beyond this point, the leverage concentration tapers off, indicating potential for a sharp move if breached.
At the same time, the cumulative liquidation leverage curve shows a consistent upward slope, topping $16.34 billion at the upper range. This metric underscores the size of market exposure tied to short positions, and how quickly it can translate into price action.
Given the scale of short positioning and declining long-side liquidation activity, the pivotal question now is: will Bitcoin’s current rally force the largest short squeeze of the year?
