Bitcoin’s potential rise above $112,000 could trigger significant short liquidation pressure in mainstream centralized exchanges, amounting to $510 million. Market analysts are closely monitoring Bitcoin’s trajectory as it approaches this key price level. The cumulative short liquidation pressure suggests that many traders have bet against Bitcoin, which could lead to forced market liquidations if the price rises sharply. Such liquidations may amplify Bitcoin’s upward momentum, potentially attracting more investors. This situation highlights the volatility of cryptocurrency markets and the risks associated with short selling.
