According to Crypto Rover, approximately $1.1 billion worth of Bitcoin short positions are at risk of liquidation if the BTC price reaches $108,000, as highlighted in a post on May 21, 2025 (source: Twitter @rovercrc). This level marks a significant resistance zone for traders, suggesting that a breakout above $108K could trigger a massive short squeeze, fueling further bullish momentum. Traders are closely monitoring order book data and liquidation levels for potential volatility, with this scenario potentially accelerating upward price action and impacting funding rates across crypto exchanges.

According to glassnode, Bitcoin's recent price rally paused just below the crucial $106.6K level, where approximately 31,000 BTC are held at this cost basis. This significant supply cluster, established on December 16, 2024, has not seen any redistribution or averaging down by holders, indicating strong conviction and making $106.6K a critical resistance level for short-term BTC price action. Traders should closely monitor this zone for potential breakout or reversal signals as it may dictate the next major move in the cryptocurrency market (source: glassnode, May 19, 2025).

According to Cas Abbé on Twitter, Bitcoin's price is facing resistance in breaking above recent levels, primarily due to persistent selling in the derivatives market. Since surpassing the critical $100,000 threshold, cumulative net taker volume has remained negative, indicating that sell orders dominate buy orders among derivatives traders (source: Cas Abbé, Twitter, May 17, 2025). This sustained negative net taker volume signals bearish sentiment in the derivatives market, which historically leads to increased downward pressure on Bitcoin spot prices. Traders should watch for continued negative net taker volume as a signal of ongoing resistance and potential short-term price corrections.

According to QCP (@QCPgroup), as the US market open approaches, traders are closely watching whether Bitcoin's current rally will sustain or fade upon confirmation. QCP maintains a cautiously constructive outlook but emphasizes that significant upside for BTC remains limited until there is a daily close above the $100,000 level. This insight highlights the importance of the $100K resistance as a critical psychological and technical barrier for traders considering long positions. Source: QCP (@QCPgroup), May 8, 2025.

According to Mihir (@RhythmicAnalyst), Bitcoin is currently facing a significant resistance zone identified by the orange ring on the chart, which is likely to exert downside pressure on the price (source: Twitter, April 26, 2025). Traders should closely monitor this resistance area as it may trigger a short-term decline or increased volatility in BTC trading. This technical setup highlights the importance of resistance levels in Bitcoin price action and underscores the need for risk management strategies in the current market environment.

According to WallStreetBulls, BTCUSDT is exhibiting a breakout on the 1-hour chart as Bitcoin tests key resistance at $94,984 after a sustained uptrend from $92,819.9. Volume is notably spiking, signaling strong bullish momentum and increasing the probability of a new local high if resistance is breached. Traders should monitor for confirmation of a breakout above $94,984, as this level acts as a significant pivot for directional moves. The surge in trading volume further supports potential for continued upward momentum, making this price zone critical for short-term trading strategies (Source: WallStreetBulls, Twitter, April 25, 2025).

According to Skew Δ (@52kskew), Bitcoin's move towards $95,000 is being faded after significant ask liquidity was absorbed, with clear divergence observed between Cumulative Volume Delta (CVD) and price action. The current market positioning is heavily skewed towards shorts, indicating an increase in short positions as the price faces resistance. Traders should closely monitor CVD trends and open interest for potential reversal signals or further downside risk as confirmed by Skew Δ's analysis on April 25, 2025.