Bitcoin Surges 6% to $90,000 as Long/Short Ratio Hits 650

Bitcoin has recently sustained a price level above $85,000, with the next significant resistance area identified at $95,000. This price movement has sparked discussions about the potential for Bitcoin to reach $100,000. The Long/Short Ratio on Bitfinex reached 650 in early 2025, far exceeding the critical threshold of 320, indicating a strong preference for long positions among traders. This ratio has been above 100 since mid-2023, with the number of BTC traders holding long positions peaking at 80,000, while short positions declined to 20,000. The market imbalance caused by this preference for long positions has driven the price surge of BTC to $90,000.

The buying pressure exceeding 320 has increased the likelihood of BTC achieving a $100,000 price value. Maintaining a ratio above 320 is crucial for sustaining a bullish trajectory. However, any drift below this threshold could cause the price to move toward $85,000. Market sentiment has been bolstered by the liquidation of a substantial amount of short positions. A $200 million worth of short positions were cleared at $85,000 when Bitcoin momentarily dropped before reverting to $90,000. Additionally, over $500 million worth of short positions were automatically liquidated in just three days within the price range of $80,000 to $85,000, amplifying market buy pressure and creating additional upward momentum for BTC.

If Bitcoin can sustain the level above $85,000, it may result in a price objective of $95,000 as the next significant resistance area. The upward trend exhibited by BTC after major whale accumulation events raises the possibility of reaching $95,000. However, the combination of whales selling at elevated price points and market sell pressure could force prices down to $85,000 levels. Whale activity, combined with Bitfinex’s Long/Short Ratio trends and liquidation data, indicates that the market remains currently optimistic. The continued maintenance of a ratio above 320 acts as a key factor in enabling a bullish trajectory for Bitcoin.