$11.5B in Short Positions at Risk if Bitcoin Recent ATH, CoinGlass Data Shows

Should BTC surge to its all-time high of $111.9K, an estimated $11.5 billion in short positions could be liquidated across major exchanges.

The Bitcoin Exchange Liquidation Map reveals a heavy concentration of short leverage between $105K and $112K. As of now, BTC trades at approximately $104,755. With the liquidation pressure mounting, a rally beyond current levels could trigger a cascade of short covers.

The data shows cumulative short liquidations (in teal) growing steadily as BTC nears the key $111.9K mark. Meanwhile, long liquidation leverage (in red) has been declining, suggesting stronger conviction among bullish traders.

Exchange-level breakdowns show that Binance, OKX, and Bybit are the primary platforms where this short leverage is stacked. Binance and OKX, in particular, dominate the liquidation volume near critical resistance zones.

Analysts believe the market could be at a tipping point. If Bitcoin continues its upward trajectory, it may unleash a liquidation wave powerful enough to propel prices higher in a short timeframe. This type of setup—characterized by high leverage, clustered shorts, and thin overhead resistance—often precedes parabolic price action.

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Whether bulls can maintain momentum or bears manage to suppress a breakout remains the question. With liquidation data signaling a clear battleground near all-time highs, this week could prove decisive for Bitcoin’s mid-term direction.

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