Current Liquidation Landscape (Jan 2026)

​Liquidation heatmaps—which visualize where traders' stop-losses and forced closure levels are stacked—currently show high-intensity "hot zones" around the $94k mark:

​The $94k Short Cluster: Brighter yellow/orange bands are heavily concentrated between $92,000 and $94,000. This indicates that many traders have opened short positions expecting a rejection at these psychological highs.

​The "Magnet" Effect: Because exchanges and market makers often hunt for liquidity, price tends to gravitate toward these dense clusters. If Bitcoin breaks cleanly above $92,000, it is expected to trigger a "short squeeze," where forced buy-backs accelerate the price rapidly toward $94,000–$95,000.

​Downside Support: Conversely, there is a dense "long" liquidation cluster sitting between $88,000 and $90,000. This acts as a floor.