Bitcoin Could Liquidate $18 Billion with a 10% Price Surge, as Traders Forecast $120K

A recent analysis suggests that a modest 10% increase in the price of Bitcoin could trigger the liquidation of $18 billion worth of short positions. This scenario is fueled by a significant accumulation of short positions, where traders are betting against Bitcoin’s price. Should Bitcoin surpass certain price thresholds, cascading liquidations could propel a substantial price rally. Numerous analysts are speculating that Bitcoin could reach $120,000 in the near future, driven by increased institutional adoption, supply constraints, and growing public interest. However, risks associated with Bitcoin investment remain, including regulatory uncertainties and market volatility.