• $12B in Bitcoin shorts face liquidation at $115,000.

  • Current Bitcoin price is $104,294, per liquidation chart.

  • Binance, OKX, and Bybit hold significant short positions.

  • A price surge could trigger a massive short squeeze.

  • Bitcoin’s market dominance stands at 54.3% in 2025.

Bitcoin Shorts Face $12B Wipeout at $115,000 Mark

A massive $12 billion in Bitcoin shorts could be liquidated if the cryptocurrency's price reaches $115,000. The current price stands at $104,294, as shown in a liquidation chart highlighting leverage levels across exchanges like Binance, OKX, and Bybit.

The chart indicates significant short positions clustered between $104,294 and $115,000. A sharp price increase could trigger a cascade of liquidations, impacting traders heavily leveraged against Bitcoin's rise.

Market Dynamics Behind the Potential Liquidation

The liquidation chart reveals cumulative short leverage nearing $12 billion at the $115,000 threshold. Exchanges like Binance and OKX hold the largest share of these positions, with Bybit also showing notable activity.

If Bitcoin surges past $104,294, the pressure on short positions will intensify. The chart shows a steep incline in short liquidation leverage, suggesting a potential domino effect as prices climb.

Historical data from CoinMarketCap indicates Bitcoin has seen rapid gains in 2025, with volatility driving both bullish and bearish sentiment. Traders betting against the price may face significant losses if the upward trend continues.

Implications for the Crypto Market

A $12 billion liquidation event could amplify Bitcoin’s price momentum. Forced liquidations often lead to rapid price spikes, as short sellers cover their positions by buying back Bitcoin.

The chart also shows cumulative long liquidation leverage, though it remains lower than short positions at higher price levels. This imbalance suggests a stronger bearish sentiment among traders, which could fuel a short squeeze.

Data from CoinGecko highlights Bitcoin’s market dominance at 54.3% as of June 1, 2025. A liquidation event of this scale could further solidify its position, attracting more institutional interest.

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