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<ul class="wp-block-list"><li><strong>Long liquidations cluster below $106K could trigger sharp downward pressure.</strong></li><li><strong>Rising short liquidations above $108K hint at potential squeeze rally.</strong></li></ul><p>Bitcoin continues to show signs of heightened <a href="https://coincryptonewz.com/bitcoin-volatility-spikes-as-iran-threatens-strait-of-hormuz-closure/" rel="noopener noreferrer nofollow">volatility</a> as leveraged positions stack up across major exchanges. According to data released by The Kingfisher on June 27, 2025, a substantial long liquidation zone has formed below Bitcoin’s spot price.&nbsp;</p><p>The key range lies between $105,500 and $106,400, with peak liquidation levels at $106,616.4. This data was compiled from Binance, Bitfinex, OKX, BitMEX, Bybit, and Bitget.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><div class="embed-twitter"><blockquote class="twitter-tweet"><p>Heads up, BTC traders! Our latest optical_opti Liquidation Map reveals a massive cluster of long liquidations brewing just below current price, specifically between 105.5K and 106.4K.<br><br>This short-term data highlights a key pressure zone that could act as a strong magnet or… <a href="https://t.co/Fn0TjEV0vu" rel="noopener noreferrer nofollow">pic.twitter.com/Fn0TjEV0vu</a></p>— TheKingfisher (@kingfisher_btc) <a href="https://twitter.com/kingfisher_btc/status/1938656028335230982?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 27, 2025</a></blockquote></div></div></figure><p>Analysts suggest this zone could act as a magnet if Bitcoin retraces, potentially triggering a cascade of long position liquidations. Price action briefly tested this level earlier today, dipping to $106,540 before rebounding.&nbsp;</p><p>At press time, BTC is <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">trading</a> at $107,428.92, posting a modest 0.31% 24-hour gain.</p><p>The Kingfisher’s chart also highlights rising short liquidation levels above $108,000.&nbsp; This suggests that if BTC rallies, short positions may be squeezed, intensifying <a href="https://coincryptonewz.com/bitcoin-breaks-107k-barrier-fueling-optimism-for-a-new-financial-era/" rel="noopener noreferrer nofollow">upward pressure</a>. With both long and short liquidations building in proximity, price swings are expected to accelerate.</p><h3 class="wp-block-heading" id="strong-btc-futures-open-interest-climbs-toward-100b-strong"><strong>BTC Futures Open Interest Climbs Toward $100B</strong></h3><p>Data from Coinglass <a href="https://www.coinglass.com/BitcoinOpenInterest" rel="noopener noreferrer nofollow">shows</a> that Bitcoin futures open interest has surged toward the $100 billion mark. This jump in speculative positioning has been consistent with BTC maintaining levels above $100,000 since early 2024. A sharp rise in both price and open interest began in October and has continued into mid-2025.</p><figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfWywEP4ysADjlYflBQ0IHqahPxvmePaWnZjdmaDUJtv1fKSiriHrivSzma_gNg8ZDDkMSezM2WFIwXR-cZUidnvvniLldwiD3jWnT7pPhVdVk1V2eQHON9A-HadgQhgKQ7xrhp?key=WLjlaoB8ZxXIMCw9kUyi2g" alt=""><figcaption class="wp-element-caption"><strong>Source: Coinglass</strong></figcaption></figure><p>The open interest, represented in green on Coinglass charts, indicates an inflow of capital into BTC derivatives markets. Past correlations between falling open interest and liquidation events underscore the need for caution as leverage builds.</p><h2 class="wp-block-heading" id="bhutan-quietly-becomes-a-major-sovereign-bitcoin-holder">Bhutan Quietly Becomes a Major Sovereign Bitcoin Holder</h2><p>In a noteworthy disclosure, the Royal Government of Bhutan has accumulated over 12,000 BTC since 2020. This information, verified through on-chain data, shows holdings now valued at approximately $1.29 billion. Druk Holdings, Bhutan’s sovereign investment arm, managed the acquisitions discreetly over several years.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><div class="embed-twitter"><blockquote class="twitter-tweet"><p><a href="https://twitter.com/hashtag/Bhutan?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bhutan</a> has secretly mined 12,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> since 2020 now holding $1.3b in <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a>, nearly 40% of its GDP, making it the 3rd-largest state holder. <a href="https://t.co/ly5kFoXaMq" rel="noopener noreferrer nofollow">pic.twitter.com/ly5kFoXaMq</a></p>— MartyParty (@martypartymusic) <a href="https://twitter.com/martypartymusic/status/1938621070233481538?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 27, 2025</a></blockquote></div></div></figure><p>With Bitcoin priced at $106,540 during the latest valuation, BTC now makes up nearly 40% of Bhutan’s GDP. This strategic move positions Bhutan as the world’s third-largest sovereign holder of Bitcoin. Analysts have noted the bold approach taken by the Himalayan kingdom as part of its long-term strategy in digital asset adoption.</p><p>As global interest in decentralized finance grows, Bhutan’s BTC portfolio places the country in a unique macroeconomic position, blending national reserves with blockchain-based assets.</p><pre class="wp-block-preformatted">Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.</pre><p>&lt;p&gt;The post <a rel="noopener noreferrer nofollow" href="https://coincryptonewz.com/https-coincryptonewz-com-bitcoin-volatility-spikes-as-iran-threatens-strait-of-hormuz-closure/">Bitcoin Nears $100B Open Interest as Long Liquidations Build Below</a> first appeared on <a rel="noopener noreferrer nofollow" href="https://coincryptonewz.com">Coin Crypto Newz</a>.&lt;/p&gt;</p>

Bitcoin Nears $100B Open Interest as Long Liquidations Build Below

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