$BTC Short Liquidations

• On the upside, a rally to $120.7k may liquidate roughly $8.5 billion of short positions—potentially unleashing a short squeeze.

• Another key upside trigger lies near $115.5k, which analysts highlight as a major short squeeze/liquidation level.

BTC appears poised for a short squeeze if it decisively closes above ~$110k. That would likely ignite a move into the $115k–$120k zone. Conversely, failure here could cascade liquidations on long leveraged parties, dropping price toward $96k or lower. Watch these critical levels, manage stop‑losses carefully, and align positions with your risk tolerance.

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Technical Chart Levels & Market Sentiment

Support Zones (Long Stop‑loss Areas)

• $107.7k: leveraged long positions around this mark (~$85 million) might be absorbed soon .

• More significant buffer lies at $96.8k, where long liquidations.

Resistance Bands (Short Triggers)

• Near-term resistance around $110.2–110.7k, a critical breakpoint for further upside .

• Key psychological/technical target at $115.5k, a known short liquidation zone .

• All-time highs near $120.7k remain a major squeeze zone .

Moving Averages

• Trading above the 200-day SMA, which typically signals bullish structure. However, a fall below it could risk dragging prices toward the $72k–$90k mark.