According to Crypto Rover, a significant wave of short liquidations is currently driving Bitcoin’s price momentum, suggesting strong upward pressure towards the $100,000 mark (source: Crypto Rover on Twitter, May 8, 2025). This liquidation event indicates that bearish traders are being forced to exit their positions, often triggering rapid price increases. For traders, monitoring open interest and liquidation data is essential to anticipate further volatility and potential entry points as Bitcoin approaches major psychological resistance. The current trend underscores increased bullish sentiment and could impact altcoin performance as capital flows into Bitcoin.