In recent weeks, the cryptocurrency market has witnessed one of the most aggressive shakeouts. The latest liquidation heatmap shows that leveraged traders were seriously affected as Bitcoin approached $100,000, over $100,000 with a total liquidation of more than $298 million the day before.
With a loss of $1146 million, Bitcoin led the wipeout as expected, followed by $65 million Ethereum. Blunt fell into shorts, sweeping out a $225 million short position, showing a traditional short squeeze setup. In terms of price, Bitcoin is currently trading at just under $100,000, indicating that the breakout rally is still strong.
The assets are well above the three major moving averages (50, 100 and 200 EMA), and the latest breakout candles are a solid test of current uptrends and a strong bullish structure on daily charts. Although it has not shown fatigue yet, an RSI hovering at about 70 can cause short-term volatility. An increased advantage directly leads to this violent behavior.
Bitcoin’s advantage is clearly above the 60% mark. This is a cautious goal of the past, suggesting that more money is being invested in BTC than altcoins. As is the case now, this type of dominant growth during price spikes usually strengthens Bitcoin retention against larger market narratives. The impact is clear. Bitcoin’s market strength is currently overwhelming.
However, at $100,000, price action is approaching a critical zone of psychological and technical resistance. The next realistic range is between $105,000 and $110,000 if you get a volume check. Otherwise, if the long/short imbalance is still very high, the rejection can rapidly decline from $92,000 to $94,000.
As evidenced by its price and control, Bitcoin is, at present, undoubtedly, the best predator on the market. However, the next session will reveal whether Bitcoin will actually establish a new price paradigm or cut before settlement before correction.
