Bitcoin breaks through $91,000, potentially triggering 1.5 trillion KRW in large-scale liquidations

Source: HanKyungBlockchain Original Title: "Bitcoin, Breaks Through $91,000 Liquidates 1.5 Trillion Won"

Original Link: https://www.hankyung.com/article/202601238166B

As Bitcoin(BTC) re-enters the $90,000 range, it is taking a breather, and depending on future price movements, a large amount of liquidation is expected to flood the market. In particular, a significant liquidation of short positions by short sellers(short) is anticipated during a rebound, so caution is advised due to increased volatility.

According to a virtual asset data analysis platform on the 23rd, as of (local time) on the 22nd, if Bitcoin surpasses $91,000, approximately $1.034 billion(about 1.5 trillion won) worth of short positions on major centralized exchanges(CEX) are expected to be liquidated.

Conversely, if the downward trend intensifies and the $88,000 level breaks, about $638 million(approximately 900 billion won) of long positions betting on an increase are estimated to be forcibly liquidated. Currently, the market faces much greater 'upward pressure' with larger liquidations during upward movements than during declines.

At present, Bitcoin is trading at $89,620, down 0.4% from the previous day, on major exchanges.