2026-01-05 05:28:10

Bitcoin breaks toward the $93K barrier as major liquidations ripple through derivatives markets. In just an hour, traders saw $75 million in leveraged short positions wiped out—a classic cascade when sentiment shifts sharply.

The timing's significant: BTC has climbed roughly $5K since bottoming out Friday evening. Market observers point to recent geopolitical tensions as a potential catalyst shifting risk appetite back into risk-on assets. When major macro events unfold, capital often rotates into perceived safe-haven digital assets, and Bitcoin's recent strength reflects exactly that dynamic.

The liquidation spike matters because it tells us something about positioning. Heavy short leverage means traders were betting on pullbacks, but with buying pressure mounting, those positions folded fast. This kind of forced buying can accelerate uptrends—it's why traders watch liquidation data so closely.

What's next? Watch whether Bitcoin holds above key support levels or if profit-taking kicks in at resistance. The psychological barrier of $93K remains the immediate hurdle.

BTC1,57%

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BlockchainRetirementHome

· 01-07 01:19

7.5 billion US dollars gone in seconds, short sellers deserve it haha

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SigmaBrain

· 01-05 09:26

The short positions were blown up. This wave of market movement is really fierce. Did 75 million just disappear like that?

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Fren_Not_Food

· 01-05 06:48

The short positions got wiped out, and it feels great—this is what I love to see.

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SelfSovereignSteve

· 01-05 05:58

The short positions are blown up, this is the show I love to watch.

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SmartMoneyWallet

· 01-05 05:57

75M Short Squeeze? This is a typical chips game, retail investors are being slaughtered and still have to applaud the whale's pump. --- A $5000 increase, with such a clear liquidity trend, is there anyone who hasn't noticed? --- It's just geopolitical hype; the true story lies in capital flow. Don't be led by public opinion. --- At the 93K level, whether it's a breakout or a support, on-chain data has already revealed the answer. --- When short positions are liquidated, what are smart funds doing? They’ve already exited early. --- Whether the support level holds or not is the key; everything else is nonsense. I only look at candlestick charts to speak. --- The capital direction behind this rebound is what’s worth studying; surface-level articles are pointless.

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PessimisticOracle

· 01-05 05:50

750 million liquidation? The shorts have really been taught a lesson this time. Is 93K about to break?

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DegenWhisperer

· 01-05 05:49

75 million liquidation in one hour, this wave of shorts really deserves it. The bulls are eating meat while the bears are drinking soup. $93K is right in front of us.

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FarmHopper

· 01-05 05:43

$75 DOLLAR clears out the shorts, this is the thrill of forced liquidation.

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MidnightTrader

· 01-05 05:36

750,000 short positions liquidated. Those who followed the trend will probably lose everything, haha.

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