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    Home » Bitcoin tags $90,000 as short squeeze wipes out $120 million

    Bitcoin tags $90,000 as short squeeze wipes out $120 million

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    By ethan on December 18, 2025 Bitcoin News, Cryptocurrencies
    Photorealistic Bitcoin coin centered with a glowing 90k tag and red cascading liquidation bars in a modern newsroom setting.
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    Bitcoin’s price staged a dynamic rally on Wednesday, December 17, 2025, reclaiming the psychological $90,000 mark. This bullish move generated massive pressure on bearish traders during the opening of the Wall Street session. As a direct consequence, a cascade of short position liquidations occurred, exceeding $120 million in just a few hours

    According to monitoring data from CoinGlass, volatility severely punished those betting on a continued decline of the asset. The capture of liquidity at both ends of the order book continues to dictate the pace of the current market.

    Price action showed a daily increase of nearly 2.5 percent before experiencing a slight technical retracement. Industry analysts highlighted the crucial importance of having overcome the resistance located at $88,000. On the other hand, the battle between buyers and sellers intensified notably at the start of the US session.

    Trading volume reflected a renewed interest from institutional investors at these price levels. Likewise, overcoming specific liquidity zones allowed the asset to seek higher targets aggressively. The speed of the movement surprised many participants who held late entries in the derivatives market.

    Experts like Michaël van de Poppe suggest that this momentum could extend toward the $94,000 range. The market structure seems to favor a bullish continuation if current support levels manage to remain stable. However, general sentiment remains divided between excitement over the bounce and caution regarding potential corrections.

    The erratic behavior of prices underscores the fragility of highly leveraged positions in the current environment. Therefore, risk management becomes an indispensable tool for navigating the volatility of cryptocurrencies. The accumulation of sell orders above recent highs acts as a magnet for the price.

    Does this bounce represent the start of a new bullish trend toward highs?

    Despite the momentary optimism, some technical analysts warn of the possibility of an imminent breakdown. Caleb Franzen noted that the simple 100-week moving average, located near $85,000, is a critical support. On the other hand, if Bitcoin fails to consolidate above this moving average “cloud,” selling pressure could return.

    The existence of significant liquidity gaps suggests that the price could still visit lower zones like $76,000. However, many see these potential drops as ideal opportunities to apply dollar-cost averaging strategies. The divergence in predictions keeps traders in a constant state of alert against the charts.

    The volatility experienced during the New York session is a reminder of how markets eliminate excess leverage. Forced liquidations act as fuel to accelerate movements in the opposite direction of the majority. Likewise, the fact that the market is “clean” of short positions near $90,000 facilitates new explorations to the upside.

    The resilience of buyers at key support levels demonstrates an underlying demand that is still quite robust. Therefore, consolidation in this range will be vital to defining the asset’s direction in the short term. The analysis of order flow reveals that large capital is positioning for significant macroeconomic movements.

    Will Bitcoin be able to sustain the $85,000 support in the face of a correction?

    Investors’ eyes now focus on the next major liquidity cluster located at $95,000. The absence of dense resistance in this section could allow for a rapid ascent if volume accompanies the trend. In addition, global macroeconomic factors continue to influence the risk perception of high-yield digital assets.

    The impact of monetary policies on crypto market liquidity remains a recurring theme of analysis. Therefore, every daily close above current levels strengthens the narrative of full recovery. The maturity of the digital financial ecosystem allows it to absorb these massive liquidations without compromising network integrity.

    In the coming sessions, the market will closely watch if the bullish momentum manages to transform resistance into permanent support. Strategic patience will be fundamental for those seeking to avoid liquidity traps in short time frames. Therefore, monitoring exponential moving averages will provide clear signals about the health of the trend.

    The future outlook will depend on the capacity to absorb supply at levels near the all-time high. In this way, Bitcoin continues to demonstrate why it is the leading asset in terms of profitability and volatility. The evolution of the futures markets will play a decisive role in the closing of the current fiscal year.

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    ethan

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