Bitcoin Breakout Above $95K Could Trigger $163M in Short Liquidations, Coinglass Warns

According to the latest data from Coinglass, Bitcoin (BTC) could trigger a major short squeeze if it breaks above $95,000, with the cumulative short liquidation intensity across major centralized exchanges (CEX) estimated to reach $163 million.Conversely, a pullback below $93,000 would put long positions at risk, with $68.45 million in cumulative long liquidations expected, signaling a highly leveraged market with critical price thresholds on both sides.$95K Breakout Zone Holds Largest Short Liquidation ClusterAs Bitcoin trades around $94,000–$94,500, the $95K level is now a technical and psychological pivot point, with a substantial number of short positions at risk of being liquidated.While the Coinglass liquidation heatmap doesn’t display exact contract values or quantities, it highlights the relative strength of liquidation clusters — effectively showing how aggressively price could react upon reaching certain levels.“A higher liquidation bar means the price will react more strongly to the liquidity wave after it reaches that position,” Coinglass explained.This means that if BTC surges past $95,000, forced short-covering could drive prices even higher, amplifying upward momentum in a classic short squeeze scenario.$93K as Key Support: Longs Vulnerable on BreakdownOn the flip side, $93,000 is emerging as a key near-term support level. If broken, the market could see up to $68.45 million in long liquidations, potentially fueling a sharper downside correction.This reflects a market dynamic where liquidity-driven volatility is amplified due to high leverage and tightly clustered stop zones around key levels.Traders Eye High-Impact ZonesWith Bitcoin just shy of a six-figure breakout and technical momentum building, analysts are watching for sharp price reactions at both $93K and $95K, with the former acting as short-term support and the latter as a breakout trigger.“The market is coiled,” one trader noted. “Once $95K is breached, a large-scale short squeeze could propel BTC toward $98K–$100K very quickly.”As liquidations cluster at critical levels, event-driven volatility remains elevated, underscoring the importance of tracking order book dynamics and liquidation flows across exchanges.