Kaspa is sitting on the edge of a major price move, and it all comes down to one key number – $0.09. According to fresh data from Coinglass, nearly $12 million worth of short positions are stacked just above this level. If the price manages to push through and close above it, it could trigger a massive short squeeze, forcing liquidations and sending KAS soaring in a matter of hours.
The chart shows exactly what’s happening. Leverage traders have been piling in, especially those using 25x, 50x, and even 100x leverage. Right now, the current price is hovering around $0.0837, just below the red-hot $0.09 trigger zone.
But the real story isn’t just about the price itself – it’s about how overloaded the short side has become. There’s a massive liquidity cluster waiting to be wiped out, and once those over-leveraged positions start getting liquidated, it can turn into a domino effect of forced buybacks. That’s what creates the squeeze.
Nearly 12M Kaspa Shorts Could Be Liquidated if Price Rises Above $0.09
— Kaspa Daily (@DailyKaspa) June 9, 2025
A major liquidity cluster of short positions is stacked just above $0.09, totalling nearly $12 million.
If Kaspa breaks above this level, it could trigger a short squeeze, forcing liquidations and… pic.twitter.com/1ClbPhCBok
This setup becomes even more interesting when we consider what’s happening behind the scenes with Kaspa’s supply. In our earlier coverage today, we reported that over 70% of Kaspa’s circulating supply hasn’t moved in more than three months – an all-time high.
That level of dormancy means most KAS holders are simply not selling, which drains liquidity from exchanges and tightens up available supply just as pressure on shorts begins to mount.
So, when shorts start getting liquidated, there simply might not be enough tokens available to meet the sudden spike in demand. That’s where the real volatility begins.
Traders and investors are now watching this level like hawks. If Kaspa bulls manage to push the price even slightly above $0.09, the $12 million in cumulative short positions could unravel quickly. Given the current structure of the market, that kind of liquidation cascade wouldn’t just be a technical event – it would be a momentum driver. And with so many long-term holders sitting tight and refusing to sell, the upward pressure could intensify even more.
This is a classic high-stakes setup. On one side, you have millions in leveraged shorts waiting to get wrecked. On the other, a shrinking supply and growing conviction from long-term holders. All it takes is one solid breakout, and things could move fast.
Whether or not the breakout happens this week, the pressure is building – and everyone watching Kaspa knows that $0.09 isn’t just another resistance level. It’s the line between calm and chaos.
Read also: How High Can KAS Price Go in 2025 if Binance and Coinbase List Kaspa?
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