As of January 15, 2026, the Bitcoin liquidation heatmap shows significant activity following a surge toward the $97,500 range. The market is currently navigating a period of high volatility as it tests psychological resistance levels.

​Current Liquidation Landscape

​Major Liquidation Levels:

​Upside (Shorts): A heavy cluster of short liquidations is sitting between $98,000 and $100,000. The $98,000 mark is particularly critical as it represents the cost basis for many short-term holders. A break above this could trigger a "short squeeze" toward $105,000.

​Downside (Longs): Protective liquidity for long positions is concentrated in the $90,000 – $91,600 band (near the 50-day EMA). A deeper "liquidity hunt" is visible at $80,000, which remains a target for bearish traders if current support fails.

​Recent Activity: In the last 24 hours, over $262 million in Bitcoin positions were liquidated. This follows a Tuesday surge that wiped out roughly $591 million in shorts when BTC hit $96,500.

​Leverage Concentration: High-leverage "heat" (up to 40x and 100x) is currently tightly packed around the $94,500 pivot point.