#BTCBreaksATH110K On May 23, 2025, Bitcoin’s price surged from approximately $102,135 to over $111,000, triggering over $248 million in liquidations across the derivatives market. Short positions accounted for about $132.3 million of these liquidations, while long positions made up $115.8 million. The largest single liquidation was a $1.97 million BTCUSDT order on Bybit. 

In a particularly volatile hour, there was a 3,368% spike in short liquidations, with $3.27 million in shorts liquidated compared to just $97,000 in longs. This imbalance suggests that many traders were overleveraged or had tight stop-losses, making them vulnerable to rapid price movements. 

Looking ahead, analysts warn that if Bitcoin’s price reaches $120,000, approximately $3 billion in short positions could be liquidated, potentially leading to a significant short squeeze and further price acceleration. 

It’s important for traders to exercise caution in such volatile markets, as overleveraging can lead to substantial losses during sudden price swings.$BTC