- Over $3.36B in BTC shorts may be liquidated if price breaks above the $100K resistance.
- Bitcoin ETFs saw $370M in inflows, showing rising institutional interest near $100K.
- Spot demand and Coinbase premium could drive BTC higher or trigger a pullback to $94K.
Bitcoin is now trading near $97,000 after briefly falling to $96,000 earlier today. If it breaks through the $100,000 level, short sellers could face over $3 billion in liquidations. The buildup of leveraged positions and rising demand from institutional sources suggest pressure is increasing fast.
$3 Billion in Short Positions Face Liquidation at $100,000
According to data from CoinGlass, around $3.36 billion in Bitcoin short positions could be liquidated if the price hits $100,000. These shorts are mostly positioned between $97,000 and $100,000 across major exchanges including Binance, Bybit, and OKX.
Bitcoin has gained over 2.6% this week, with open interest rising by $3 billion in the past two days. Funding rates have stayed positive, which means many traders are backing the price to go higher using perpetual contracts. This growing exposure increases the risk for short sellers if prices rise further.
Many long positions were previously liquidated during a recent correction, reducing pressure from that side of the market. With fewer leveraged longs in play, the path may be clearer for more upward price action if buying interest continues to grow.
ETF Inflows and Spot Demand May Decide the Next Move
According to an observation by Cas Abbe on X, Bitcoin ETFs have recorded $370 million in inflows over the last two days. This shows that institutions are still adding to their Bitcoin exposure, even as prices approach a major resistance point.
Analysts are closely watching Coinbase for signs of spot market demand, especially during U.S. market hours. If a premium forms on Coinbase prices, it could point to strong retail or institutional buying.
If demand fails to show, a drop toward $94,000 remains possible. A 3.14% increase from current levels would bring Bitcoin to $100,000. That move would put over $3 billion in short positions at risk of immediate liquidation.
