<ul><li>$11.5 billion in short positions are at risk if Bitcoin reaches its all-time high of $111.9K, leading to potential liquidations across major exchanges.</li><li>The Bitcoin Exchange Liquidation Map indicates a concentration of short leverage between $105K and $112K, with BTC currently trading at around $104,755.</li><li>Binance, OKX, and Bybit are the main platforms with significant short leverage, especially near critical resistance zones.</li><li>Analysts suggest that Bitcoin's price action may see a significant move due to high leverage, clustered shorts, and limited overhead resistance, potentially leading to parabolic price action.</li></ul>

$11.5B in Short Positions at Risk if Bitcoin Recent ATH, CoinGlass Data Shows

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