Bitcoin (BTC) is on the verge of triggering a $3 billion short squeeze, needing just a 1.26% price increase to liquidate these short positions, according to Coinomedia. A short squeeze can occur when rising prices compel traders who have bet against the market to buy back BTC, potentially accelerating the price surge. The market is closely monitoring this threshold, as surpassing it could lead to rapid price movements and impact broader cryptocurrency trends. This development highlights the volatility and potential for significant shifts in the crypto market as traders react to price changes.