Bitcoin futures imbalance may spark liquidation revenge rally to $90K Bitcoin (BTC) has dropped 14.5% over the past 16 days, sending the Crypto Fear & Greed Index crashing to 16 — Extreme Fear, its lowest level year-to-date.Despite heavy selling pressure dominating the last two weeks, Bitcoin derivatives data now hints that current trader positioning could fuel a recovery or relief rally. Analysts are asking: has this sell-off set the stage for a bounce?Key takeaways: Binance open interest has surged more than 30% from October 2025 lows, signaling renewed activity in BTC futures.

A push toward $92,000 could liquidate over $6.5 billion in short positions.

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Market imbalance sets up upside potential Technically, BTC swept its swing lows in the $80,000–$83,000 zone, clearing out a major cluster of long liquidations. With downside liquidity exhausted, focus is shifting higher.According to CoinGlass data: Moving to $92,000 risks >$6.5 billion in cumulative short liquidations.

Dropping to $72,600 only threatens about $1.2 billion in longs.

This clear asymmetry favors the upside: any rally could force shorts to cover aggressively, creating a self-reinforcing "revenge" or squeeze move.Crypto commentator Marty Party views the dip as a classic Wyckoff Accumulation “Spring” — a brief undershoot below support to shake out weak hands before reversal. The sweep below $83K may have been the final liquidity grab, letting big players accumulate discounted BTC. If buying follows through, the next leg could target expansion back toward $100,000.Related: Bitcoin's 'miner exodus' could push BTC price below $60K

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Futures positioning: mixed but rebuilding The decline triggered roughly $800 million in liquidations over the past 24 hours — the biggest single-day wipeout since late November 2025 (when BTC was last near $81K).Still, analyst Darkfost notes Binance open interest has climbed to 123,500 BTC — well above the October 10, 2025 low of 93,600 BTC (a ~31% increase). Traders appear to be rebuilding exposure instead of fully capitulating.Broader activity has cooled: January monthly BTC futures volume across exchanges hit around $1.09 trillion — the lowest since 2024. Volume remains concentrated on top platforms:

Binance: ~$378 billion

OKX: ~$169 billion

Bybit: ~$156 billion

#Crypto #Futures #Liquidations