$BTC Bitcoin (BTC) rising above the psychologically important mark of $100,000 has put a large number of short positions at risk. The situation will become even more complicated if the leading digital currency exceeds the level of $110,000.

In that case, short sellers could lose around $1.19 billion, according to data from the cryptocurrency market analysis platform CoinGlass.

It is noteworthy that as Bitcoin rises above $100,000, short sellers have already lost about $2.17 billion.

It seems that the upward rally of Bitcoin will continue in the near future. Traders have been activating speculative positions as open interest in #BTC is at a 3-month high and may soon reach a peak since the beginning of the year.