Bitcoin Approaches $114K as Liquidation Map Warns of Major Short Squeeze

TL;DR Short positions pile up near $112.6K, setting the stage for a sharp upside liquidation ￰0￱ fails twice at $113K resistance, making the next breakout attempt critical for ￰1￱ rises on Binance, but warning signs emerge near $115K as longs dominate the ￰2￱ Liquidation Cluster Builds Above Current Price Bitcoin is trading around $113,500 at press time, after gaining over a grand in the past hour or so. A recent liquidation map shared by TheKingfisher shows a heavy concentration of short positions just above the current ￰3￱ largest cluster appears near $112,630, indicating an upcoming short squeeze since the cryptocurrency has moved past that level. $BTC : This liquidation map shows a clear ￰4￱ of the action is above current price, meaning *short liquidations* are ￰5￱ at 112,631.54.

That’s a huge cluster for shorts to get flushed. We’re looking at an optical opti timeframe here, so this plays out over a… ￰6￱ — TheKingfisher (@kingfisher_btc) September 10, 2025 Notably, this type of setup can lead to a fast move upward, as short positions may get closed automatically once the price hits those ￰7￱ to TheKingfisher, “smart money will be watching this level,” referring to traders who track liquidity zones for entry and exit ￰8￱ this short cluster is triggered, the momentum could push Bitcoin above the current ￰9￱ map is based on short-term price behavior and may play out within the next few trading ￰10￱ Near $113K Holds Firm Bitcoin has tested the $113,000 level three times (including now) in the last seven days but failed to break ￰11￱ price area has seen intense selling pressure, with traders either taking profit or opening fresh short ￰12￱ rejection confirms that $113K–$113.5K is a key barrier for ￰13￱ Michaël van de Poppe commented, Is today the day that we’re finally going to be cracking the resistance on $BTC ? ￰14￱ — Michaël van de Poppe (@CryptoMichNL) September 10, 2025 The market continues to hover just below this level, awaiting a clear breakout or ￰15￱ the asset fails again, attention may shift to the area below $110,000.

That zone has previously acted as support and holds stop-loss orders, which could be targeted if sellers take control. Long-Term Structure Supports Uptrend Merlijn The Trader posted a weekly Bitcoin chart showing an inverse head and shoulders ￰16￱ larger structure includes a left shoulder from 2021, a head near $15,500 in late 2022, and a developing right shoulder through 2024. A smaller pattern has also formed inside the right ￰17￱ broke the neckline around $71,000 and has since formed higher ￰18￱ the structure is maintained, the target area lies between $130,000 and $150,000. Merlijn called it the “supercycle ignition” as it could be the start of a long-term rally if the price continues ￰19￱ Shift on Binance Ahead of $115K Zone Analyst BorisD noted rising positive sentiment on Binance since September ￰20￱ this period, more long positions have been ￰21￱ the current tone is bullish, there’s caution around the $115,000 ￰22￱ explained that a “free trading zone” exists up to that point, but warned that once cleared, the price could snap back quickly.