Crypto-market analysts warned on 24–25 June that roughly $11.11 billion in Bitcoin short positions could be liquidated if the token gained about 10%, pushing its price toward $118,000. The estimate, shared by several traders and industry news outlets, highlighted the scale of bearish bets that had built up on derivatives exchanges. By 28 June the notional value of shorts sitting near the same liquidation threshold had fallen to about $3.3 billion, according to market commentators, suggesting that many traders closed or reduced positions over the course of the week. The draw-down underscores a shift in sentiment and lowers the risk of a large forced-buying cascade should Bitcoin rally further. Separately, several analysts pointed to record accumulation and rising on-chain activity in Ether, arguing that the second-largest cryptocurrency may also be poised for a significant move, although price projections remain speculative.