Bitcoin Short Liquidations Cluster: Market Volatility Looms

A major cluster of short liquidations surrounding Bitcoin’s price is currently underway, concentrated between $92,500 and $96,000, according to on-chain analytics platform Glassnode. This significant event could trigger market volatility if Bitcoin surpasses the key threshold of $95,000. Analysts believe forced buying might ensue, potentially impacting prices and related assets in an unpredictable market environment.