Bitcoin shorts face $1.5B liquidation risk if BTC hits $95K

Bitcoin shorts face $1.5B liquidation risk if BTC hits $95K

Coinglass data shows a 5% move could trigger mass liquidations on Binance BTC perpetuals as Bitcoin holds above $90K.

Estefano Gomez

Powered by Gloria

Updated 1:24 p.m. ET

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.

Data from Coinglass shows that Binance perpetual BTC futures 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.

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.

Bitcoin shorts face $1.5B liquidation risk if BTC hits $95K

Bitcoin shorts face $1.5B liquidation risk if BTC hits $95K

Coinglass data shows a 5% move could trigger mass liquidations on Binance BTC perpetuals as Bitcoin holds above $90K.

by Estefano Gomez | Powered by Gloria

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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.

Data from Coinglass shows that Binance perpetual BTC futures 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.

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.