- A short squeeze could push Bitcoin higher if $9.37B in short positions get liquidated.
- $2.24B in long positions sit below current prices, risking massive sell-offs if Bitcoin drops.
- Bitcoin, Solana, and Ethereum led $86M in forced liquidations in the last 24 hours.
Bitcoin (BTC) faces a potential $9.37 billion short liquidation if prices surge 20%. Analyst Ted posted on X highlighted this risk, emphasizing that $2.24 billion in long positions could also be wiped out if Bitcoin plunges 20%.
The Bitcoin Exchange Liquidation Map shows areas where there are leveraged trades that could be forced to close if the price moves in a sudden manner. At the time of the chart, Bitcoin was trading at approximately $67,894.
The map illustrates where traders using borrowed funds, or leverage, might be forced out of positions. Short liquidations occur when traders betting on price drops must buy back positions as the price rises.
“A significant amount of short positions is stacked above the current price,” Ted explained, suggesting a potential short squeeze. Rapid buying from liquidated shorts could drive prices even higher. Conversely, long liquidations happen when bullish traders must sell during downward moves. Clusters of long liquidations below the current price highlight risk zones where selling could accelerate.
Major Exchanges Reflect High Risk Zones
The colored bars on the chart represent liquidation levels across exchanges like Binance, OKX, and Bybit. Cumulative lines show concentrated leverage at different prices. The steady rise of the short liquidation curve signals growing pressure above the market, while the declining long liquidation line shows potential danger zones below. Consequently, traders should expect volatility if Bitcoin approaches these levels.
Coinglass data shows total liquidations over the past 24 hours reached $86.31 million, affecting more than 60,000 traders. Longs accounted for $39.93 million, while shorts contributed $46.38 million. Bitcoin led the forced closures at $18.15 million, followed by Solana at $15.84 million and Ethereum at $8.58 million. Smaller altcoins collectively added $12.27 million.
