Market Sentiment & Dynamics

​The "Magnet" Effect: Liquidation clusters often pull the price toward them. Since there is over $10 billion in longs sitting at $84k compared to only about $2 billion in shorts at $104k, the market remains "heavy" on the downside.

​Short-Term Volatility: There is a notable pocket of short liquidations stacked between $93,500 and $94,500. If Bitcoin reclaims the $92,000 level with volume, a rapid "squeeze" into the mid-$90ks is likely as those shorts are forced to cover.

​Recent Activity: Over the last 24 hours, long liquidations have outpaced shorts (roughly $150M for BTC), indicating that the market is currently flushing out "late" buyers who entered near the recent $94k peak.

​Technical Outlook

​Bitcoin is currently in a "wait and see" mode. To invalidate the bearish pressure from these clusters, it needs to reclaim its Short-Term Holder Cost Basis (currently near $99,100). Until then, the risk remains a "sweep" of the $86,000–$90,000 liquidity pools.