Bitcoin Price Approaches $90,000: Potential Short Squeeze Triggers

Bitcoin’s price climbed toward the $90,000 mark on April 2nd, putting it within striking distance of a price zone that could trigger a mass liquidation event. Data from analyst Seth on X indicated that if BTC breaches this threshold ($90,000), roughly $9.41 billion worth of short positions would be liquidated. Analysis from Seth, featuring a liquidation heatmap highlighting the highest risk concentration between $80,000 and $90,000, suggests this level as a psychological barrier where short squeezes may occur, potentially forcing sellers to buy back BTC at a loss. 86,000 on the order book is showing strong resistance.