$USDC Bitcoin is facing the risk of triggering the largest short liquidation in history if the price exceeds 118,000 USD.
According to data from Coinglass, more than 13 billion USD in leveraged short positions on major exchanges such as Binance, Bybit, and OKX are at risk.
The dense leverage accumulated around the 110,000 USD level could trigger a chain reaction, causing the BTC price to soar as short positions are liquidated en masse
