Crypto Liquidation Storm Erupts as Bitcoin Breaches $95K Threshold
January 14th witnessed a mechanical market surge devoid of fundamental catalysts, with bitcoin piercing $95,000 before peaking at $97,800 during US trading hours. Ether mirrored the movement with a 5% leap to $3,380.
The violent upswing liquidated $700 million in short positions—primarily concentrated in BTC and ETH derivatives—as overleveraged bears faced margin calls. Market mechanics overwhelmed speculative strategies, exposing the fragility of excessive directional bets during low-liquidity conditions.
Traders describe the MOVE as technically driven, with cascading liquidations amplifying volatility. The wipeout underscores crypto markets' capacity for abrupt repricings when critical technical levels break.