$BTC $94,229 is the key long/short squeeze line for BTC
According to Coinglass data, a break above $94,229 would trigger around $828M in short liquidations. On the downside, a drop below $86,317 would cause a similar wave of long liquidations.
With BTC currently trading at $90,232, price sits almost perfectly between both liquidation walls — just 4.4% from the upside and 4.3% from the downside. This near-symmetry suggests the market is coiled and waiting for a trigger.
All eyes now turn to the BOJ meeting, which could be the catalyst that decides the next major move.
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BTC
89,552.63
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