Bitcoin prices appear to be steadily rising during today’s session, but there is a build-up of pressure just above the current levels.
As reported by analyst Ali Martinez, if BTC goes to $86,900, it could trigger a major liquidation event as it exposed a short position of over $600 million in this critical price range.
This is more than just a random number. This represents a highly utilized trader, many of whom are sitting in positions 50 to 100 times, and are now dangerously close to the edge. The current short liquidation leverage totals $615.42 million, particularly $151 million at 100 times and $7.36 million at 100 times.
#bitcoin $btc rebounds to $86,900, and a short position of over $600 million will face liquidation! pic.twitter.com/fbbceqymq
– Ali (@Ali_Charts) April 15, 2025
At the time of pressing, the BTC is about $83,950, and needs to rise about 3.5% to reach $86,900, but the positioning imbalance is abnormal.
If Bitcoin hits that level, we’re probably looking at a short aperture in that area. We see movements like that can really pace through the thin fluidity zone and force people to cover their shorts in real time.
Looking at the big picture, BTC is in range, but the overall trend is beginning to bullish again. Looking at the daily charts, you can slowly and steadily recover after a rather bumpy march and April. There are no clear breakouts yet, but there are potential setups.
But it’s a major one, but nothing guaranteed. Whales, algorithms, bots, and more, everyone can see these liquidation levels. If the $86,900 level becomes a magnet, it is expected that volatility will skyrocket and could lead to recursive price action on both sides of the book.
