Bitcoin faces a substantial potential liquidation of short positions as the cryptocurrency approaches key price levels. Approximately $18.5 billion in shorts are set to be liquidated if Bitcoin reaches $130,000. Additionally, over $14 billion in short positions would be liquidated at the $125,000 price point, with more than $6 billion specifically identified for liquidation at this level. Market observers note that the move from $125,000 to $131,000 could occur rapidly, highlighting heightened volatility and significant market activity around these price thresholds. The total short positions approaching liquidation near $126,000 are estimated to be close to $20 billion.