Bitcoin is moving closer to a critical battleground, with the $117.6K mark emerging as the most watched level in the market. This is where the heaviest cluster of long liquidations is stacked up — a single touch could trigger billions in losses for over-leveraged bulls.
$BTC
Price: 118,871.28
Change: +1.74%
Why This Zone Is Crucial
The $117.6K level isn’t just a line on the chart — it’s a trap that could snap shut without warning. Many expect a sharp bounce, but the higher probability right now points to a long squeeze instead of a short squeeze.
If $117.6K is breached, volatility could explode.
Long positions are overcrowded, leaving traders vulnerable.
Shorts remain underweighted, adding fuel to the setup.
What to Look Out For
The moment $BTC sweeps through $117.6K, the game changes. Sentiment could flip instantly, and unprepared traders may end up on the wrong side of a brutal liquidity hunt.