Bitcoin Taps $87K, Triggering Over $1 Billion in Liquidations
- —About $1 billion in positions liquidated, $900 million of them shorts
- —Over 139,000 traders were liquidated; the largest single order was $20 million on Hyperliquid
- —BTC extended its recovery from roughly $75,000 last week to a January high
- —Next resistance sits at $88,000, then $90,000–95,000, with support at $80,000–82,000
Why it matters: The short squeeze fueled the rally, but holding above $88,000 will decide whether the move extends toward $90,000.
Source: CryptoPotato