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Bitcoin shorts face $1.5B liquidation risk if BTC hits $95K
Source: CryptoNewsNet Original Title: Bitcoin shorts face $1.5B liquidation risk if BTC hits $95K Original Link:
Market Overview
Bitcoin is maintaining its grip on the $90,000 level, rising to $91,100 by midday Friday. The largest crypto asset by market cap briefly tapped $95K earlier this week and appears to be slowly climbing back toward that key resistance.
Liquidation Risk Analysis
Data from Coinglass shows that perpetual BTC futures on certain major platforms indicate over $1.5 billion in short liquidations could be triggered if Bitcoin climbs back to $95K, suggesting a potential volatility spike with just a 5% move.
Current Market Conditions
Despite that setup, liquidations across crypto markets remain muted, with just $180 million in total positions wiped in the past 24 hours. The subdued figure reflects indecision among traders, as Bitcoin consolidates above $90K with no clear directional bets.