🔥 Is #Bitcoin Setting Up for a Short Squeeze? $18B in Short Positions at Risk 🔥
Bitcoin is flashing signs of a potential short squeeze and the on-chain data supports the case.
At $116,506, $BTC is trading just below a major liquidation zone sitting around $120,000. According to @CoinGlass data (Aug 7), there’s nearly $18 billion in leveraged short positions waiting to be wiped out.
The heatmap shows a steep spike in upside liquidity just above $119K, the precise area where late short sellers are heavily exposed. If BTC breaks that level, forced liquidations could cascade, driving prices even higher.
In simple terms:
📈 More upside = more liquidations
💥 More liquidations = more buy orders
🔥 More buying = even more upside
This loop is how short squeezes accelerate fast.
Zooming out:
🔹 BTC rose 2.15% in the last 24 hours
🔹 President Trump signed an executive order allowing crypto in 401(k)s
🔹 BlackRock’s spot ETF saw a net $41.9M inflow
🔹 Regulatory winds are shifting favorable again
With $18B in short positions on the line, the next move could be explosive if Bitcoin pushes past that critical $120K level.
