$6 Billion in Bitcoin Shorts Set to Be Liquidated at $116,000 Bears Preparing for Financial Extinction Event
The Bitcoin bears might want to start saying their goodbyes - to their trades, their portfolios, and possibly their sanity. According to the latest on-chain data, more than $6 billion worth of Bitcoin ($BTC) shorts are set to be liquidated the moment Bitcoin’s price hits $116,000. In other words, the crypto market’s most stubborn skeptics are about to face the digital guillotine.
This data, shared by CryptoQuant analysts, highlights an increasingly one-sided battlefield between bullish momentum and bearish desperation. Despite months of warnings, gloomy forecasts, and “Bitcoin-is-dead” think pieces, the world’s largest cryptocurrency continues to defy logic and traditional finance by surging toward yet another historic milestone.
As of today, Bitcoin is hovering near $114,000, within striking distance of that $116K liquidation level. Once it crosses the threshold, analysts predict a cascade of liquidations that could send the price skyrocketing even further the kind of event bulls lovingly refer to as a “short squeeze” and bears describe as “financial therapy.”
The irony here is delicious: many of the same traders who shorted Bitcoin, calling it a “speculative bubble,” are now fueling the next leg of its rally. Every tick upward adds more pressure, more liquidations, and more fuel for the price rocket.
To make things more poetic, this comes amid renewed institutional enthusiasm for Bitcoin. Spot Bitcoin ETFs continue to attract billions in inflows, and Luxembourg’s sovereign fund just added Bitcoin exposure to its portfolio. It seems the traditional finance world has finally realized that ignoring Bitcoin is no longer an investment strategy — it’s a liability.
FAQs
Q1: Why are Bitcoin shorts being liquidated at $116,000?
When Bitcoin’s price reaches that level, traders who bet against it (short sellers) will be forced to close their positions, triggering automatic buy orders that push prices even higher.
Q2: How much money is at stake?
Roughly $6 billion worth of Bitcoin short positions are currently in danger of liquidation, according to CryptoQuant.
Q3: What happens when large-scale liquidations occur?
Mass liquidations often lead to short squeezes, where forced buy-ins rapidly drive prices upward, sometimes by thousands of dollars in minutes.
Q4: Is Bitcoin’s price surge sustainable?
Analysts say institutional demand, ETF inflows, and macroeconomic factors support the rally, though volatility remains a constant.
Q5: What does this mean for investors?
In short — pun intended — bears may want to rethink their strategy, and bulls might want to strap in. Things are about to get very interesting in crypto-land.