Bitcoin Market Update

Bitcoin sustains the level above $85,000, with $95,000 as a significant next resistance area.

• The Long/Short Ratio reached 650 in early 2025.

Bitcoin’s [BTC] long positions on Bitfinex experienced significant growth, validating positive market expectations from traders.

The Long/Short Ratio reached 650 in early 2025, far exceeding the critical threshold of 320.

A continued preference for long positions among users emerged as the Long/Short Ratio exceeded 100 since mid-2023.

The number of BTC traders holding long positions peaked at 80,000, while short positions fell to 20,000. BTC’s price surged to $90,000 due to market imbalances, enhancing its upward trajectory.

Furthermore, buying pressure surpassed 320, increasing the likelihood of BTC reaching the $100,000 mark. Maintaining the ratio above 320 is crucial, as a drop below this might cause a return to $85,000.

Bitcoin Market Sentiment

At the time of writing, a mass of shorts experienced liquidation on BTC’s heatmap, contributing to bullish market momentum.

A substantial $200 million worth of short positions got cleared at $85,000, when Bitcoin briefly dropped before returning to $90,000.

Moreover, over $500 million worth of short positions were liquidated within three days in the price range of $80,000 to $85,000, amplifying market buy pressure.

Bearish traders closed their positions, contributing to additional upward momentum for BTC.

If BTC maintains above $85,000, it may target $95,000 as the next resistance area.

Additionally, BTC has shown an upward trajectory following major whale accumulation events, raising the possibility of reaching $95,000.

The interplay of whales selling at high price points and market sell pressure may have driven prices down to $85,000.

Thus, whale activity, coupled with Bitfinex’s Long/Short Ratio trends and liquidation data, indicates that the market remains optimistic.