Bitcoin Surpasses $104,000, Causing Major Short Positions to Waver

Bitcoin surpassed $104,000, prompting significant short positions from traders that are now at risk of liquidation.

Massive Short Position At Risk

A whale wallet opened a $93 million short position with 40× leverage.
The liquidation price is approximately $105,700; a 1.5% rise could trigger it.
This position currently reflects over $500,000 in losses and earns $34,000 in funding fees.

Many gamblers are shorting $BTC with high leverage!

0x51d9 opened a $93M short position on $BTC with 40x leverage, with a liquidation price of $105,690.

0x5D2F opened a $44M short position on $BTC with 40x leverage, with a liquidation price of $112,660.

Second Whale Holding At Crossroads

A second account executed a $44 million short at around $103,494.40 with similar leverage.
Current losses are about $515,348.53, but the liquidation price is set at $112,660.
This trader has accrued $51,711.71 in positive funding but faces risks if Bitcoin continues to rise.

Failed Bet Already Closed

A third whale shorted $69.7 million at $95,969, with a cutoff price of $103,470.
This position was likely liquidated as Bitcoin surpassed the cutoff price.

Liquidations Highlight Market Pressure

In the last 12 hours, Bitcoin derivatives experienced $66.66 million in liquidations, primarily from shorts.
Total liquidations in 24 hours reached $82.58 million, with shorts accounting for $60.97 million.
This indicates substantial buying pressure in the market, contributing to Bitcoin's ongoing gains.

Traders in high-risk short positions face substantial risks, as further increases in Bitcoin's price may lead to more liquidations and heightened market volatility.