$ETH to a large short squeeze if it breaks above $95,000, with an 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 cumulative long liquidation of $68.45 million, indicating a highly leveraged market with critical price thresholds on both sides.

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

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