💥 $BTC AT A CRITICAL THRESHOLD: EVERYTHING HINGES ON $93K

Glassnode records a key moment: after bouncing off $93,000, the price is once again trying to break through this level. Meanwhile, large clusters of short liquidations are forming around this mark.

Short liquidations create a forced buying effect, which can serve as fuel for an impulsive rise. Each level of short-seller stop-losses that is breached strengthens the upward movement.

Is BTC preparing for a powerful bear squeeze? 👇