As of January 24, 2026, the Bitcoin market is experiencing a notable volatility spike, with price action centered around the $90,000 psychological level.

​Recent data shows a heavy "long squeeze" followed by a sudden short-covering rally, creating distinct liquidation clusters that are acting as price magnets.

​📍 Key Liquidation Clusters

​Based on current heatmaps and exchange data, here are the primary zones to watch:

​Downside (Long Liquidation Clusters):

​$88,000 – $88,300: This is the most significant immediate "liquidity pool." Large clusters of overleveraged long positions are sitting here. If the price slips below $89,000, this zone acts as a magnet for forced selling.

​$85,000 – $86,800: A secondary, deeper cluster. Analysts suggest that losing $86.8k could trigger a larger capitulation toward the mid-80s.

​Upside (Short Liquidation Clusters):

​$91,000 – $92,500: A thick band of short liquidations has formed. A decisive break above $91k is expected to trigger a "short squeeze," as these positions are forced to buy back.

​$93,000 – $93,500: This area is particularly "bright" on heatmaps because it aligns with a CME gap. Market makers often push the price toward these clusters to resolve supply-demand imbalances.