Bitcoin Shorts: Will $3 Billion Vanish As BTC Approaches $100K?

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Picture, if you will, the modern financial salon: a ferocious fricassee of self-appointed visionaries, all feverishly refreshing charts, fingernails savaged, dreams bloated with visions of electronic gold. Bitcoin, that relentless enfant terrible of the market, delighted in taunting these digital dandies by prancing up to $97,500—only to pirouette coquettishly at $97,000. Naturally, chaos abounds.

Short-Sellers Await Their Waterloo 🚩

Coinglass, a reputable chronicler of bloodbaths, reports the major exchanges—Binance, OKX, and Bybit—full to the gunwales with short positions from $97K to $100K. It’s an abattoir in waiting, with some $3.04 billion in wagers nervously perspiring as they prepare to face the hangman, should Bitcoin dare transcend that mythical $100,000. Should the price skip merrily toward $105,000? Nearer $3.73 billion more might lose their top hats, monocles, and possibly their trousers. At $109,000, a round $4 billion is on the line. High-leverage short sellers—ever the plucky Icaruses—find their wings delightfully singed.

Longs Bitten, Shorts Await Their Fate

To those eagerly anticipating the comeuppance of the shorts, a reality check: the optimists—the so-called “longs”—have already taken their medicine, recently delivering a masterclass in wishful thinking. Their dicey bets flushed away in the last dip, leverage is now a rare species. The bashful red line of liquidations describes the fall like a tragic hero in a second-rate melodrama.

There’s now less bluster propping up the market. Bulls presumably retired for a strong drink. In their absence, we are left with a path both cleaner and more perilous—particularly for those who mistake optimism for research.

Resistance Zone Between $96K And $98K
Here, our drama intensifies. IntoTheBlock, a sort of forceful governess ensuring no party gets out of line, identifies a resistance zone stuffed with 1.06 million wallets—each teetering at breakeven, clutching a collective $73 billion in Bitcoin. If the price hops above this region, selling pressure may choose, like decent relatives, to stay home. Between $98K and $100K, there are fewer excuses left.

$3B in #Bitcoin shorts will get liquidated at $100K.

Let’s send it. 🚀

— Carl Moon (@TheMoonCarl) May 2, 2025

$100K: The New Debutante Ball

The hundred-thousand mark—more potent than any Paris debutante’s coming-out—summons traders en masse, their pulse quickened, their hopes equal parts panic and avarice. Professional seer Carl Moon chirped “Let’s send it,” encapsulating the philosophical depth of this whole pageant. As things stand, Bitcoin teeters at the brink; if the bulls keep their nerve (and don’t mistake sprinting for endurance), short-sellers may be routed in a fashion only previously described in Latin verse.

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2025-05-04 14:47