According to the source, over 8 billion dollars of BTC short positions would be liquidated if price clears 117,000, implying a large overhead liquidation cluster that could fuel a short squeeze. Source: X post dated Nov 3, 2025. Traders can validate or refute this claim by checking BTC perpetual liquidation heatmaps and cumulative liquidation levels on Coinglass and Hyblock Capital dashboards. Source: Coinglass; Hyblock Capital. A decisive break and hold above 117,000 accompanied by rising spot volume and declining open interest often precedes cascading short liquidations as shorts cover into strength. Source: Binance Research on derivatives market dynamics. Confirmation cues include spikes in liquidation volume, funding rates turning sharply positive, and open interest contracting during the breakout. Source: Coinglass; Binance Futures data. Risk management: use invalidation just below the reclaimed level and monitor funding and basis extremes that historically signal squeeze exhaustion and a potential pullback. Source: Deribit Insights; Binance Research.