Cryptocurrency market commentators say roughly $10 billion in aggregate Bitcoin short positions stand to be forcibly closed if the token’s price reaches about $125,000. The liquidation threshold, highlighted in several trading forums on 22 August, reflects the concentration of leveraged bets against the world’s largest digital asset. Automatic unwinding of that size could accelerate any upward move by compelling short sellers to buy Bitcoin to cover their positions, a dynamic often referred to as a short squeeze. No trading venue or clearing platform confirmed the estimate, and the current spot price of Bitcoin was not disclosed in the online posts.