According to Ai 姨 (@ai_9684xtpa), Bitcoin (BTC) experienced a sharp intraday drop to $103,713, enabling short positions to become profitable with a floating gain of $253,000 (Source: Twitter @ai_9684xtpa, May 12, 2025). This significant movement has triggered increased short interest and volatility, with traders closely watching for further downside or a potential rebound. The sudden price action highlights the importance of risk management in crypto derivatives trading, especially as large liquidations can influence BTC spot prices and sentiment across the broader cryptocurrency market.