Bitfinex flags $92K short liquidation cluster as Bitcoin nears key levels
- —Largest estimated short liquidation cluster sits near $92,000
- —Bitcoin must reclaim $86,500 to build upward momentum
- —A reclaim could force short sellers to buy back positions
- —Spot buying is required to initiate any sustained rally
Why it matters: A reclaim of $86,500 could trigger forced short buybacks and push Bitcoin toward $92,000.
Source: Coinfomania