Bitcoin faces a potential surge that could trigger the liquidation of billions of dollars in short positions. Market observers note that if Bitcoin reaches $111,000, over $2 billion worth of shorts would be liquidated. Further targets include $114,000 and $115,000, with $1.5 billion to $2.2 billion in shorts at risk at these levels. Currently, Bitcoin is approximately 3.2% away from its all-time high, fueling speculation that a move to $120,000 is plausible. These developments have raised concerns among bearish investors about the increasing risk of forced liquidations as the cryptocurrency approaches new highs.