Morgan Stanley's cryptocurrency strategy team has highlighted the potential for a Bitcoin short squeeze, as traders with short positions may be forced to repurchase Bitcoin to avoid liquidation. This scenario occurs when leveraged bets on Bitcoin's decline face rising prices, compelling traders to close their positions, which in turn drives prices higher. Coinglass data indicates that long orders have surged to $5.762 billion, a 52.94% increase, while short positions still account for 48% of the market. Morgan Stanley notes that most short positions are concentrated below $115,000. If Bitcoin maintains a price above $117,000, it could trigger the closure of an additional $500 million in short positions, potentially fueling further price increases.