Bitcoin short positions worth billions of dollars face potential liquidation at various price thresholds as the cryptocurrency's value approaches new highs. Initially, over $6 billion in Bitcoin shorts were reported at risk if the price broke $115,000. Subsequent updates indicated fluctuations in the liquidation amounts and price levels, with figures ranging from $1.5 billion to $9 billion at thresholds between $115,000 and $130,000. More recent data shows that approximately $8 billion in Bitcoin shorts could be liquidated if the price hits $125,000, with some reports noting $8.3 billion at $131,000 on a single exchange. Analysts suggest that these liquidation levels could trigger sharp short squeezes, amplifying upward price momentum in the Bitcoin market.