According to Crypto Rover, approximately $3 billion worth of Bitcoin shorts will be liquidated if BTC reaches the $120,000 level (source: Twitter/@rovercrc, May 22, 2025). This significant liquidation volume could trigger a rapid price surge due to a short squeeze, attracting bullish momentum and increased trading activity across major crypto exchanges. Traders should closely monitor resistance at $120,000, as a breakout could amplify volatility and impact altcoin markets as well.

According to Crypto Rover, $50,000,000 worth of Bitcoin shorts were liquidated within the past 60 minutes, indicating a significant short squeeze event that forced bearish traders to exit their positions rapidly (source: @rovercrc, May 21, 2025). This large-scale liquidation suggests a sudden upward price movement, potentially fueling bullish momentum and increasing volatility in the Bitcoin and broader crypto markets. Traders should closely monitor liquidation trends and open interest as they may signal further price action and opportunities for both long and short strategies.