Bitcoin Liquidation Map Reveals $90,000 Short Squeeze Zone
Data from Bitcoin's liquidation map shows that the largest overhead cluster of short positions is around $90,000. This is the level at which leveraged shorts would be forced to close if the price touches this level. Smaller clusters have appeared around $83,000 and $75,000 over the past two months, suggesting that a move towards either of these levels could accelerate Bitcoin's next move.
With the price stuck in a sideways pattern, positions are building up on both sides again. Key short-term levels to watch are $84,000 and $85,700, where small squeezes could occur. Beyond these levels, $82,500 and $87,500 mark the local low and high of the current range.