According to @AltcoinGordon, approximately $9 billion in Bitcoin short positions are positioned to be liquidated if BTC reaches the $117,000 price level. This data highlights a critical resistance point for traders, as a move past $117,000 could trigger a significant short squeeze, amplifying upward price momentum in the crypto market (source: Twitter/@AltcoinGordon, June 4, 2025). Traders should closely monitor this level for potential volatility and high trading opportunities as liquidation events often result in rapid price movements.