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

• Long liquidations cluster below $106K could trigger sharp downward pressure.
• Rising short liquidations above $108K hint at potential squeeze rally.

Bitcoin continues to show signs of heightened volatility 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. 

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.

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. 

At press time, BTC is trading at $107,428.92, posting a modest 0.31% 24-hour gain.

The Kingfisher’s chart also highlights rising short liquidation levels above $108,000.  This suggests that if BTC rallies, short positions may be squeezed, intensifying upward pressure. With both long and short liquidations building in proximity, price swings are expected to accelerate.

BTC Futures Open Interest Climbs Toward $100B

Data from Coinglass shows 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.

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.

Bhutan Quietly Becomes a Major Sovereign Bitcoin Holder

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.

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.

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.

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.