According to the latest data from Coinglass, Bitcoin (BTC) could face significant short pressure if it breaks above $95,000, with the estimated cumulative short liquidation intensity across major centralized exchanges (CEX) reaching $163 million.

Conversely, a drop below $93,000 would put long positions at risk, with an expected $68.45 million in cumulative long liquidation, indicating a highly leveraged market with critical price thresholds on both sides.

The $95,000 breakout area holds the largest short liquidation cluster.

As Bitcoin trades around $94,000 - $94,500, the $95,000 level has now become a technical and psychological turning point, with a large number of short positions at risk of liquidation.

While the Coinglass liquidation heatmap does not display contract values or exact quantities, it highlights the relative strength of liquidation clusters – effectively showing how aggressive price action is when reaching certain levels.

"The higher liquidation bar means the price will react more forcefully to the liquidity wave once it reaches that point," explained Coinglass.

This means that if Bitcoin rises above $95,000, the forced liquidation pressure on shorts could push prices higher, reinforcing bullish momentum in a classic short squeeze scenario.

$93,000 as a major support: long positions are at risk in case of a breakdown.

On the other hand, the main near-term support level appears to be $93,000. If broken, the market could see up to $68.45 million in long liquidation, potentially fueling a sharper downward correction.

This reflects market dynamics where liquidity-driven volatility is amplified due to high leverage and tightly converging areas around key levels.

Traders are watching high-impact areas.

As Bitcoin approaches breaking the $100,000 mark and builds technical momentum, analysts are watching for sharp price reactions at both $93,000 and $95,000, with the former acting as short-term support and the latter as a breakout signal.

One trader said: "The market is tense." "Once we break $95,000, widespread short pressure could quickly drive Bitcoin towards $98,000 - $100,000."

As liquidation clusters gather at critical levels, event-driven volatility remains high, highlighting the importance of tracking order book dynamics and liquidation flows across exchanges.

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