- Bitcoin trades near a $109K pressure zone where over $4B in shorts face liquidation, raising risks of rapid market volatility.
- Binance leads in liquidation volumes across exchanges as BTC enters a critical zone between $106K and $111K with heavy leverage exposure.
- Bitcoin follows a repeating breakout-retest-pump pattern with volume surges, suggesting strong bullish momentum toward higher targets.
Bitcoin’s recent surge toward $110,000 has triggered intense liquidation activity across major exchanges. According to current heatmap data, over $4 billion in short positions face imminent liquidation if Bitcoin climbs to $120,000. The risk zone spans $97,741 to $120,439, with most leverage concentration between $106,399 and $111,079. The current price near $109,032 places Bitcoin directly in this volatile zone. Both long and short traders now stand at a critical tipping point.
Source: Cointelegraph (X)
Moreover, exchange-specific metrics reveal Binance dominates liquidation volumes. Orange bars show Binance’s lead across most price points. OKX and Bybit also contribute to the pressure, shown in yellow and teal bars. This cross-exchange data reveals a complex web of leveraged exposure. The vertical red dashed line at $108,000 highlights a key reference level. Price volatility often spikes near this level, due to clustered liquidations.
Uptrend Patterns Signal Bullish Momentum
Besides liquidation concerns, technical charts hint at continued bullish momentum. Merlijn The Trader’s analysis highlights a consistent breakout pattern. Bitcoin’s rally from $25,000 to $49,000 in early 2024 delivered a 96% surge. Then, after brief consolidation, the price jumped another 51%, reaching $73,000 by mid-2024.
Source: Merlijn The Trader
Consequently, Bitcoin entered a prolonged sideways phase between $73,000 and its support levels. This phase acted as a launchpad for the next rally. In early 2025, BTC broke out again, crossing $107,000 and reaching a high of $111,880. Notably, volume increased with each breakout, confirming bullish momentum.
Liquidation Risks May Trigger Price Reactions
Currently, the ascending teal curve of short liquidation leverage keeps climbing. This shows increasing exposure as prices rise. Meanwhile, long liquidations are declining, marked by a red descending line. Longs face their highest risk if prices drop near $97,741.
Additionally, liquidation volume fades beyond $115,000 and below $100,000. Hence, the critical pressure zone remains concentrated between those levels. The convergence of large positions and historical resistance may create violent price swings.
