Bitcoin price traded around $85,000 on April 2, inching closer to a price zone that could trigger mass liquidations.
Data shared by analyst Seth on X indicated that if BTC reaches $90,000, roughly $9.41 billion worth of short positions could be wiped out.

Seth posted a liquidation heatmap showing the highest concentration of risk between $80,000 and $90,000.
The chart suggests $90,000 as a psychological barrier where a squeeze may occur, potentially forcing short sellers to buy back BTC at a loss.
As of writing, CoinMarketCap placed Bitcoin’s price at $84,705, reflecting a modest 0.90% daily increase. Despite limited upside since early March, pressure is building in the derivatives market.
$90K Becomes Bitcoin Price’s Next Psychological Flashpoint
Crypto Tony posted on X that no major trend change has occurred yet. He expects sideways movement to continue unless BTC breaks above $93,500. Only then, he noted, could another drop be avoided.

Ali Martinez added that Bitcoin faces technical hurdles ahead. According to him, the 200-day moving average at $86,200 and the 50-day moving average at $88,300 now act as key resistance levels.
A break above both could shift the momentum back in favor of the bulls.

In a separate post, Ali observed that more than 21,000 BTC moved to exchanges in the past four days.
That may suggest a growing intent to sell, potentially increasing volatility if demand fails to absorb supply.
Macro and Sentiment Cues Split the Market
Gert van Lagen argued that Bitcoin remains in a bull market, holding above the neckline of a four-year-old inverse head-and-shoulders pattern.
He forecasted a $300,000 target with an invalidation level at a weekly close below $74,400.

At the same time, sentiment appears mixed. While some expect a breakout, others like ‘Crypto Fella’ warned of a potential shakeout before any climb toward $94,655.
His chart indicated a possible drop to the $70,000–$78,692 range before the price resumes upward movement.

Market watcher Max compared the current BTC structure to Sept. 2024. He believes momentum is building but warned that Bitcoin must reclaim the 180-day rolling volume-weighted average price (VWAP) to maintain bullish traction.
ETFs, Inflation, and Trade Wars Sshape Narrative
While Bitcoin gained 2.2% on April 1, it has yet to reclaim $89,000 since March 7. Analysts have linked the underperformance to macro uncertainty, including President Donald Trump’s tariff announcements.

Spot Bitcoin exchange-traded funds (ETFs) saw $2.75 billion in inflows within three weeks of Jan. 21.
Despite trade tensions, institutional demand remained consistent, suggesting deeper structural support for BTC.
Disappointment has also stemmed from delays in President Trump’s campaign promise of a national Bitcoin reserve.
An executive order was issued on March 6, but price response remained muted.
Meanwhile, February’s U.S. Personal Consumption Expenditures (PCE) Price Index rose 2.5% year-over-year, and March’s eurozone CPI rose 2.2%.
Lower inflation and interest rate expectations could divert capital to real estate and equities, limiting BTC’s near-term upside.
BTC price remains caught between rising spot demand, technical resistance, and broader macroeconomic signals.
While on-chain activity and technical setups hint at potential upside, the $90,000 mark now carries heavy implications.
Short sellers, ETF flows, and sentiment-driven swings will likely define the next move.
With $9.4 billion in short positions at stake, BTC price next move may not just be about price—it could reshape risk dynamics across the crypto market.