Looking at the liquidation heatmap data from Coinglass, TrendPro pointed out a large cluster of short liquidations positioned between $110,000 and $120,000. The analyst explained that if Bitcoin manages to break above the $110,000 threshold, it could see a rapid price surge toward $119,000–$122,000, driven by forced short covering and a cascade of liquidations in that zone.
TrendPro went further to ask: “Do we need a shock before higher?” The answer? “Not necessarily.” However, TrendPro pointed out that many bull markets have had a shakeout phase, suggesting that a temporary correction could be a healthy part of the cycle. If BTC holds above $106,000 and breaks $110,000, the analyst noted that a short squeeze to $120,000+ is possible.
