A massive liquidation cascade could unfold if Bitcoin breaks through to $95K—we're talking roughly $1.5 billion in short positions that would get wiped off the board with just a 5% rally. That's the kind of price action that tends to create feedback loops in the derivatives market. The key levels are being watched closely as traders position for the next move, and with leverage positions this size stacked on the short side, even moderate upside could trigger a squeeze. It's a reminder of how quickly sentiment can flip in crypto markets when technical levels break.