Monster $13 billion Bitcoin short squeeze alert
Bitcoin (BTC) is knocking on the door of a historic short squeeze. With the digital asset trading above $105,500, over $13 billion worth of leveraged short positions across major exchanges like Binance, Bybit, and OKX are hanging by a thread, according to fresh data from Coinglass, retrieved by Finbold on June 17. The liquidation heatmap doesn’t lie, if Bitcoin surges past $118,000, we could witness one of the largest mass short liquidations in crypto history. The chart breaks down where leveraged positions are most concentrated—and, more importantly, where they’re most vulnerable. On the right-hand side, the rising green curve represents short liquidation leverage. What makes this setup especially dangerous for shorts is the way the green line steepens past $110,000. That sharp upward curve means a growing pile of leverage is waiting just above the current market price. The moment BTC starts inching toward those levels, a chain reaction could be triggered, trappin...
