5 BTC Data of IDR1.18 Billion that Could Trigger a Short Squeeze of IDR102 Trillion!

Jakarta, Pintu News – Bitcoin (BTC) is still trading around 45% below its all-time record high despite rising to close to US$69,550 or around Rp1,182,891,000 at an exchange rate of Rp16,997. This rise triggered major liquidations in the crypto derivatives market. More than US$276 million of leveraged positions were erased in the last 24 hours, signaling the cryptocurrency’s increased volatility.

1. Bitcoin Still 45% Below Record Rp2.14 Billion

Bitcoin scored an all-time high of US$126,000 in October 2025. If converted, the value is around IDR 2,141,622,000. The current price is still far below that level.

A gap of around 45% suggests the market is not yet fully bullish. Even so, BTC continues to stay in the high area. This creates a long consolidation phase.

Also Read: 5 Ways to Invest in Oil: Starting from Rp11,000, Can You Do It Through Crypto?

2. Short Liquidation Touches IDR4.69 Trillion

About US$276 million of leveraged positions were liquidated in 24 hours. This is equivalent to around IDR4,691,172,000,000. Most of it came from short traders.

Short sellers accounted for about US$188 million of liquidation. The value is about Rp3,195,436,000,000. This happened when BTC rose close to US$70,000.

3. Potential Short Squeeze of IDR101 Trillion

More than US$6 billion of short positions are at around US$72,500. If converted, this is worth around IDR101,982,000,000,000,000. This area is an important target.

If BTC rises to those levels, liquidation could happen fast. A short squeeze could push the price up sharply. Crypto traders monitor this zone.

4. Downside Risk If Support of IDR1.10 Billion is Broken

About US$2 billion of long positions are at US$65,000. This level is equivalent to around Rp1,104,805,000. If prices fall, liquidation of longs could occur.

This structure makes the market unbalanced. Shorts are bigger than longs. This condition increases the volatility of cryptocurrencies.

5. Oil Spike Adds to Market Pressure

The price of WTI oil has reached US$115. The value is around Rp1,954,655 per barrel. The rise in energy is fueling inflation concerns.

Geopolitical tensions also added to market pressure. Investors are becoming more cautious. Crypto is moving with the risk sentiment.

What it Means for Crypto Investors

Bitcoin (BTC) is in a critical zone between a short squeeze and a correction. A break above IDR1.23 billion could trigger a rally. Conversely, a drop below IDR1.10 billion opens up a correction.

You need to monitor derivative positions and macro news. The cryptocurrency market is very sensitive at the moment. Big movements could happen in the near future.

Read More: 3 Ethereum Signals: Could It Break Rp40 Million or Fall Again?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Christian Encila / NewsBTC. Bitcoin Sits 45% Below Its Peak As Short Sellers Absorb $276M In Losses. Accessed April 8, 2026.