Bitcoin is approaching a critical price level of $115,000, at which point approximately $12 billion worth of short positions are expected to be liquidated. This potential short squeeze reflects growing bullish momentum in the cryptocurrency market. In May 2025, Bitcoin gained 10.99%, while Ethereum saw a 40.84% increase. Current liquidation price ranges for major cryptocurrencies include Bitcoin between $100,000 and $109,000, Ethereum between $2,400 and $2,700, and others such as Solana, Sui, XRP, and Binance Coin within specific price bands. According to data from CoinGlass and other sources, if Bitcoin surpasses its previous all-time high of $111,900, a substantial number of shorts could be wiped out, intensifying market volatility and potentially driving prices higher.