Bitcoin Nears Critical Levels: Short Squeeze or Breakdown?
Bitcoin (BTC) is approaching a pivotal resistance zone near $95,000, where a breakout could trigger a significant short squeeze. Analysts estimate that this could lead to $163 million in short liquidations across major centralized exchanges (CEXs), accelerating upward momentum.
Currently trading around $94,000–$94,500, BTC is testing a key technical and psychological level. A push above $95K would force many short positions to close, potentially driving the price sharply higher, according to Coinglass data, which highlights strong liquidation pressure at that level.
Conversely, if Bitcoin drops below the $93,000 support, long positions could face up to $68.45 million in liquidations, opening the door for a sharper decline. This underlines the high leverage in the market, where liquidity clusters around narrow price ranges increase volatility.
Traders are closely monitoring these levels, with $93K acting as crucial support and $95K seen as a breakout threshold. One trader remarked, “The market is tightly wound. A break above $95K could rapidly push BTC to the $98K–$100K range.
