Jeni reports: If BTC breaks above 114K, short positions will face a total liquidation of around $4 billion; if BTC drops below 107K, long positions will face a total liquidation of around $3.6 billion. Choppy market conditions are all about repeatedly triggering liquidations. When there are too many longs, hit the longs; when there are too many shorts, hit the shorts; when there are too many on both sides, take out both. In the end, the ones who enjoy it the most are the market makers.