Bitcoin on Short Squeeze Watch? Potential $1 Billion Liquidations in Play

• Bitcoin is nearing $1 billion in short liquidations, with potential for a massive rally.
• Breaking $98,000 resistance could push Bitcoin towards $101,000 and trigger a short squeeze.
• Altcoins set to benefit as Bitcoin dominance spikes, with Solana and Injective leading.

Bitcoin is getting close to a massive short squeeze, with liquidations nearing a huge $1 billion. 

If Bitcoin moves up toward the $100,000 mark, short-sellers could face major losses, and this might kick off a market rally. 

Traders Flip to Shorts, Setting Stage for Squeeze

Over the past weeks, an imbalance has formed. Most traders were initially betting prices would go up, but they switched to betting prices would go down (flipped to shorts) as Bitcoin had a hard time moving higher. 

Now, this change could prepare for a sharp price surge, which would jolt those betting against the market. 

Related: Crypto Market 2025: Analysts Say Bull Cycle May Be Just 100 Days Away

BTC’s Next Move: Analyst Targets $100K and Above

According to an analyst, if Bitcoin breaks above key resistance at $98,000, the price could quickly jump to $101,000 or even higher. This surge could trigger a mas…

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