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Bitcoin is currently priced around $95,600, finding stability after a significant upward surge that led to extensive short liquidations. Approximately $800 million in short positions were liquidated during this rally, indicating that bearish sentiment had become overly crowded and susceptible. Instead of displaying signs of fatigue, the price movement now demonstrates post-squeeze consolidation above previous resistance, which is a common pause following forced buying.
Liquidity conditions remain favorable. With Bitcoin’s market capitalization hovering around $1.91 trillion and daily trading volume exceeding $52 billion, depth is robust. This environment typically supports either continuation or range-building patterns, rather than abrupt trend reversals, particularly following a liquidation-driven surge.
Short Squeeze Eliminated Bearish Exposure
The rally was driven by mechanical factors. As Bitcoin ascended, leveraged short positions were compelled to close, further propelling the price and resetting the market positioning. Bitcoin topped the liquidation figures, followed by Ethereum and Solana, highlighting how concentrated bearish exposure had become prior to the breakout.
Following such occurrences, markets frequently transition from momentum to digestion. Sellers become more discerning, while buyers generally enter on minor pullbacks rather than pursuing strength aggressively.
Long Liquidations Indicate Cooling, Not Decline
In the last 24 hours, the liquidation dynamics have shifted. Total liquidations across the crypto market reached approximately $332.6 million, with long positions accounting for around $272 million, in contrast to $60 million in shorts. This suggests that late bullish leverage is now being reduced as momentum cools.
Liquidation Heatmap – Source: Coinglass
Ethereum exhibits the most significant stress, with large long liquidations occurring near resistance levels. In contrast, Bitcoin appears relatively stable, with only minor liquidation clusters. This divergence implies that BTC positioning is healthier and less crowded compared to much of the broader market.
From a structural perspective, this represents deleveraging rather than distribution. As long as Bitcoin maintains its critical support area, the current liquidation profile supports a consolidation phase that resets leverage while maintaining the overall bullish outlook.
Bitcoin (BTC/USD) Technical Structure Indicates Continuation, Not Distribution
On the 4-hour chart, Bitcoin’s price forecast appears optimistic as BTC has reclaimed previous resistance near $95,000 and is currently retesting it as support. This behavior is characteristic of a post-breakout scenario. The 50-EMA has crossed above the 200-EMA, signaling a medium-term trend reversal, while higher lows continue to hold above the ascending trendline.
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The candlestick structure displays smaller bodies and brief pauses around $96,500–$97,000, indicating absorption rather than active selling. Momentum indicators support this perspective: RSI has retreated into the 55–60 range, a common reset observed during trend continuation phases, without any bearish divergence present.
Bitcoin Price Prediction: Path Toward $100,000
Moving forward, the structure resembles a bullish consolidation flag. A minor dip towards the $95,100–$94,500 demand zone, followed by a higher low, would maintain the bullish scenario. A confirmed breakthrough above $97,600 would pave the way towards $99,000, with the psychological $100,000 level back in sight.
A drop below $93,300 would weaken the short-term outlook; however, as long as the price remains above that threshold, dips appear to be corrective rather than indicative of a trend reversal.
Outlook: Bitcoin is positioned for continuation, with consolidation serving as a launchpad rather than a barrier.
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