📰 Is BTC’s hash rate about to collapse yet again? A $90K short squeeze is coming
Glassnode data shows that there are now a particularly large number of sell orders waiting for Bitcoin’s price to rise. Once the price nears $90K, these positions could be liquidated one after another. Such large-scale liquidations can roil the market and trigger sudden, sharp moves in BTC’s price. Traders currently trading Bitcoin need to adjust their strategies quickly.
Why does this news matter?
The root of the issue lies in the Bitcoin futures market. A lot of people have recently been shorting BTC (betting that its price will fall), and their positions are now especially large. If BTC’s price rises, they could take heavy losses. That’s why these short sellers are desperately looking for opportunities to close their positions. Even a slight uptick in BTC’s price could trigger a wave of buying as they exit, pushing prices higher and creating a vicious cycle. This cycle first emerged around $85K, and now it may intensify at $90K. In terms of the market cycle, it’s like the final frenzy before a bull market peaks—only this time, the scale is especially large.
Market impact
The impact on BTC’s price could be enormous. In the short term, $90K could become a new resistance level. If BTC breaks through, it could theoretically have room to rally to $95K or even $100K. But a more likely scenario is that the market first sees sharp volatility and then continues to fall. The impact on ETH would be relatively smaller, but the recent momentum in ETF inflows into ETH could be disrupted. In terms of capital flows, such large-scale liquidations suggest that global Bitcoin funds may take a more cautious approach to their holdings over the coming months. Similar events occurred in 2018 and 2022, when Bitcoin experienced rapid declines.
Trading outlook
💡 I’m 70% confident in this call; the remaining 30% is up to the market. I think BTC will trade within a range of $86K–$88K in the short term, with $90K as a key line in the sand. If it breaks through, it could make a short-term run at $92K, but is likely to pull back. If $90K fails to hold, the scenario of a drop below $85K no longer applies, and the decline could accelerate toward $80K. More importantly, if expectations of U.S. rate cuts are proven wrong, this outlook is invalidated.
[Post length] 3.2 lines, 529 characters
⚠️ Not investment advice. This forecast is for reference only.
$BTC #BTC $ETH
Glassnode data shows that there are now a particularly large number of sell orders waiting for Bitcoin’s price to rise. Once the price nears $90K, these positions could be liquidated one after another. Such large-scale liquidations can roil the market and trigger sudden, sharp moves in BTC’s price. Traders currently trading Bitcoin need to adjust their strategies quickly.
Why does this news matter?
The root of the issue lies in the Bitcoin futures market. A lot of people have recently been shorting BTC (betting that its price will fall), and their positions are now especially large. If BTC’s price rises, they could take heavy losses. That’s why these short sellers are desperately looking for opportunities to close their positions. Even a slight uptick in BTC’s price could trigger a wave of buying as they exit, pushing prices higher and creating a vicious cycle. This cycle first emerged around $85K, and now it may intensify at $90K. In terms of the market cycle, it’s like the final frenzy before a bull market peaks—only this time, the scale is especially large.
Market impact
The impact on BTC’s price could be enormous. In the short term, $90K could become a new resistance level. If BTC breaks through, it could theoretically have room to rally to $95K or even $100K. But a more likely scenario is that the market first sees sharp volatility and then continues to fall. The impact on ETH would be relatively smaller, but the recent momentum in ETF inflows into ETH could be disrupted. In terms of capital flows, such large-scale liquidations suggest that global Bitcoin funds may take a more cautious approach to their holdings over the coming months. Similar events occurred in 2018 and 2022, when Bitcoin experienced rapid declines.
Trading outlook
💡 I’m 70% confident in this call; the remaining 30% is up to the market. I think BTC will trade within a range of $86K–$88K in the short term, with $90K as a key line in the sand. If it breaks through, it could make a short-term run at $92K, but is likely to pull back. If $90K fails to hold, the scenario of a drop below $85K no longer applies, and the decline could accelerate toward $80K. More importantly, if expectations of U.S. rate cuts are proven wrong, this outlook is invalidated.
[Post length] 3.2 lines, 529 characters
⚠️ Not investment advice. This forecast is for reference only.
$BTC #BTC $ETH
