Another monster Bitcoin short squeeze alert with $16 billion at risk

The recent surge in upside liquidity appears to suggest that Bitcoin ( BTC ) might be up for another monster short ￰0￱ the time of writing, the cryptocurrency is trading at over $113,934, with nearly $16 billion in leveraged short positions across Binance , Bybit, and OKX exposed, according to the latest data from CoinGlass retrieved on September ￰1￱ is, the liquidation heatmap reveals a dense short liquidation zone above more or less $115,000, as well as long liquidations building around $112,000. The chart below highlights the areas with the highest concentration of leveraged positions, the rising green curve on the right indicating the short liquidation leverage and showing where traders are most likely to be wiped ￰2￱ exchange liquidation map.).

Indeed, spot Bitcoin ETFs attracted $757 million in net inflows on September 10, marking a third consecutive day of gains. What’s more, the rally followed Wednesday’s ￰3￱ Price Index (PPI) reports, which showed that wholesale inflation had slowed to 2.6% ￰4￱ broader crypto market accordingly felt a slight boost, its total capitalization rising 1.5% to $3.97 trillion from $3.85 trillion the day before, according to CoinMarketCap . What’s more, Bitcoin futures open interest also saw a modest gain of 0.75%, climbing to $83.72 billion as per CoinGlass data, while futures trading volumes rose to roughly $53 billion, highlighting institutional and retail ￰5￱ image via Shutterstock