#BTC110KToday? approaching a critical juncture, with analysts forecasting a potential price discovery phase if it breaches the $110,000 level. As of May 21, BTC is trading around $107,457, just below its all-time high. The asset has already recorded a weekly close at $106,407, and if it ends May above $102,400, it would mark Bitcoin’s highest monthly close in history.

$3 Billion in BTC Shorts at Risk Above $107,000

Market analysts estimate that more than $3 billion in leveraged short positions could be liquidated if Bitcoin