$BTC Short Liquidation: $58.68K at $89,999.5
A short liquidation worth $58.68K hit the market as $BTC pushed above $89,999.5, forcing bearish traders to close their positions. The breakout triggered a squeeze, adding fresh buy pressure and giving bulls short-term control near a psychological level.
Market Insight
Short liquidations work like forced buy orders, helping price push even higher when sellers get trapped. However, when the market tests a major psychological barrier like $90K, reactions can be sharp — either a strong push through or a quick pullback to shake out late buyers.
Next Move
If BTC holds above $89,999.5, momentum could continue upward. If it fails to stay above, a pullback may form new support before bulls attempt another breakout.
Targets (Upside)
TG1: $90,850
TG2: $92,120
TG3: $94,000 (major squeeze zone)
Pro Tip
Don’t buy just because price touched a big round number like $90K. Wait to see if it holds support above it. Breakouts need proof, not hope.
