Glassnode: Major Bitcoin liquidation cluster builds at $90,000
- —Over $20 million in sell-side liquidity and whale orders sit at $90,000
- —Options open interest near $7.7 billion is concentrated at $90,000, $95,000 and $100,000 strikes
- —Smaller liquidation clusters have formed around $83,000 and $75,000
- —BTC has tested $90,000 several times but repeatedly faded on selling pressure
Why it matters: A break above $90,000 would trigger a short squeeze, while losing $83,000 risks a cascade of long liquidations.
Source: Blockmedia