Bitcoin Builds Leverage Near $106K as $398M in Liquidations Loom at $111,350 Price Level

BTC open interest hits $80.5B as leverage builds, signaling rising volatility near $111K levels.

Max liquidation risk grows at $111,350 with $398M in orders clustered between $111K–$115K.

Bitcoin flips resistance to support; OTT breakout hints next leg could aim for $130K and beyond.

Bitcoin (BTC) is currently trading at $106,146.83 and shows signs of building a high leverage position, indicating potential price volatility in the near term. Market data and technical indicators suggest an upcoming retest of key levels, with liquidation risks increasing as BTC approaches critical price zones.

Bitcoin Breakout and Retest in Progress

According to analysis by BitBull on X, Bitcoin has flipped a key resistance zone into support after months of consolidation. The breakout has been confirmed, and a retest of these levels is underway. If this support holds, BTC may target new highs around $130,000 or more.

Source :BitBull(X)

The Optimized Trend Tracker (OTT) tool signals that Bitcoin is prepared for a significant upward move, with the monthly OTT bands recently broken. This pattern matches previous cycles in 2016 and 2020, where retests of OTT trend lines preceded price surges

Source :StockmoneyLizards(X)

Stockmoney Lizards noted on X that “the pattern is so obvious it hurts,” calling OTT the “cleanest trend indicator you can use for macro moves.” Past cycles show Bitcoin retesting these bands twice before major rallies, with current data pointing to the end of the latest retest phase.

Rising Leverage and Liquidation Risk

Market data reveals that BTC’s open interest in futures and options has reached record highs, reflecting increased leverage. Bitcoin futures open interest peaked at $80.5 billion in late May, up 54% from early April. Options open interest also surged to $46.2 billion, signaling greater investor activity and use of sophisticated trading strategies.

Max liquidation is expected when BTC rises to approximately $111,350, with a possible liquidation size of $398.96 million. This level corresponds with a dense cluster of liquidation orders between $111,000 and $115,000, which may act as a magnet for price movements as market makers hunt for liquidity

Glassnode reports that the Bitcoin Accumulation Trend Score remains at 1, indicating strong buying by large holders amid this build-up. The current setup suggests Bitcoin is entering a high leverage phase, where price swings could be amplified by forced liquidations. As BTC trades near $106,000, the market is closely watching the $111,000 zone for signs of a decisive breakout or correction.

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