Bitcoin continues to hold firm around the $90,000 mark, reaching approximately $91,100 by midday on Friday. Earlier this week, the leading cryptocurrency briefly touched $95,000 and seems to be gradually advancing toward that significant resistance level.
According to data from Coinglass, Binance perpetual BTC futures reveal that if Bitcoin rises back to $95,000, it could trigger short liquidations exceeding $1.5 billion. This indicates a potential surge in market volatility with only about a 5% price increase.
Nevertheless, liquidation activity across the cryptocurrency markets remains relatively low. In the last 24 hours alone, roughly $180 million worth of positions have been liquidated. This modest amount suggests traders are uncertain and hesitant as Bitcoin consolidates above the $90K threshold without clear directional momentum.