BTC ~$90K: $600M of Liquidations — Explosion or Stabilization?

[superman184]

Today, BTC is hovering around $89,900–$90,000 after a wild whipsaw: it fell below $88K, then rebounded.

 During the day, ~ $600–625M positions were eliminated — both longs and shorts were about equally divided (a rare case when both sides were burned). It's all because of the macro noise: Trump retaliated against tariffs on Greenland in Davos, risk appetite returned, but volatility is still low (Bollinger Bands are compressed).

Interestingly, ARK Invest in Big Ideas 2026 predicts a $16 trillion BTC market cap by 2030, which is ~$762K per BTC with 21 million supply.
Cathie Wood generally sees a path to $1M, because institutions continue to pour in, and the correction cycle has been mild.

What do you think: is this compression before a big upward move (as in the past), or are we waiting for a dump below $85K due to FOMC/inflation?

[Curious T]

Interestingly, ARK Invest in Big Ideas 2026 predicts a $16 trillion BTC market cap by 2030, which is ~$762K per BTC with 21 million supply.

People usually exaggerate when they talk about Bitcoin. I don't know if it's overconfidence based on the current price movement or overexcitement that makes them not realistic with their excitement. We will be extremely lucky to see Bitcoin get to 500,000 by the next halving. I don't think that would happen, not saying it's impossible, but it's unrealistic. 300,000 is the maximum, in my opinion.

What do you think: is this compression before a big upward move (as in the past), or are we waiting for a dump below $85K due to FOMC/inflation?

To be honest, right now I can't really tell. But what gives me hope is that despite all the geopolitical unrest, Bitcoin has not gone below 80,000 dollars. Not even at the end of last year, when it was having a free fall. So I believe if it can hold on at the current range past these times, there would be an upward surge.

[Cryptomultiplier]

Today, BTC is hovering around $89,900–$90,000 after a wild whipsaw: it fell below $88K, then rebounded.

 During the day, ~ $600–625M positions were eliminated — both longs and shorts were about equally divided (a rare case when both sides were burned). It's all because of the macro noise: Trump retaliated against tariffs on Greenland in Davos, risk appetite returned, but volatility is still low (Bollinger Bands are compressed).

Interestingly, ARK Invest in Big Ideas 2026 predicts a $16 trillion BTC market cap by 2030, which is ~$762K per BTC with 21 million supply.
Cathie Wood generally sees a path to $1M, because institutions continue to pour in, and the correction cycle has been mild.

What do you think: is this compression before a big upward move (as in the past), or are we waiting for a dump below $85K due to FOMC/inflation?

Recent data information puts Bitcoin in a high risk consolidation zone with the loss of its price going below $85k currently, despite the long term bullish stand it has made since late December till date.

For the traders and investors,  it is not advised to use a stop-loss hunt of below the $85k margin before any announcements from the FOMC comes, because the market would likely trigger your safety orders before it moves any higher than it is already doing.
I see this as a structural retest that has the potential to drive the price higher or even lower.

[cr1776]

Today, BTC is hovering around $89,900–$90,000 after a wild whipsaw: it fell below $88K, then rebounded.

 During the day, ~ $600–625M positions were eliminated — both longs and shorts were about equally divided (a rare case when both sides were burned). It's all because of the macro noise: Trump retaliated against tariffs on Greenland in Davos, risk appetite returned, but volatility is still low (Bollinger Bands are compressed).

Interestingly, ARK Invest in Big Ideas 2026 predicts a $16 trillion BTC market cap by 2030, which is ~$762K per BTC with 21 million supply.
Cathie Wood generally sees a path to $1M, because institutions continue to pour in, and the correction cycle has been mild.

What do you think: is this compression before a big upward move (as in the past), or are we waiting for a dump below $85K due to FOMC/inflation?

I don't think anyone knows for sure, but over time the trend has been clear: people who own bitcoin have done well if they didn't panic, didn't use margin (although there are exceptions), and just kept accumulating.  As JPM said about how he could predict the stock market: it will fluctuate.  And I'd add "with a long term bias towards growth."

[pawanjain]

Today, BTC is hovering around $89,900–$90,000 after a wild whipsaw: it fell below $88K, then rebounded.

 During the day, ~ $600–625M positions were eliminated — both longs and shorts were about equally divided (a rare case when both sides were burned). It's all because of the macro noise: Trump retaliated against tariffs on Greenland in Davos, risk appetite returned, but volatility is still low (Bollinger Bands are compressed).

Interestingly, ARK Invest in Big Ideas 2026 predicts a $16 trillion BTC market cap by 2030, which is ~$762K per BTC with 21 million supply.
Cathie Wood generally sees a path to $1M, because institutions continue to pour in, and the correction cycle has been mild.

What do you think: is this compression before a big upward move (as in the past), or are we waiting for a dump below $85K due to FOMC/inflation?

Yeah, its kinda funny to see liquidations happening in both the directions, just shows how volatility can hit both the sides.
Speaking about volatility even Gold and Silver has been behaving the same way as we can see big pump followed by a big dump.
May be that's how the market is currently but surely we can't make anything out of this and certainly not predict of the next big pump after this.
Yeah, in the longer term we will see a significant surge in bitcoin price but I don't think we will see something extraordinary in the next few months.

[Free Market Capitalist]

Today, BTC is hovering around $89,900–$90,000 after a wild whipsaw: it fell below $88K, then rebounded.

 During the day, ~ $600–625M positions were eliminated — both longs and shorts were about equally divided (a rare case when both sides were burned). It's all because of the macro noise: Trump retaliated against tariffs on Greenland in Davos, risk appetite returned, but volatility is still low (Bollinger Bands are compressed).

...

What do you think: is this compression before a big upward move (as in the past), or are we waiting for a dump below $85K due to FOMC/inflation?

I doubt whether, apart from the clear effect of Trump's statements, the sell-offs as it approaches the round figure of $90K or $100K have anything to do with what I raised in this thread:

The covered calls theory for the current market

Interestingly, ARK Invest in Big Ideas 2026 predicts a $16 trillion BTC market cap by 2030, which is ~$762K per BTC with 21 million supply.
Cathie Wood generally sees a path to $1M, because institutions continue to pour in, and the correction cycle has been mild.

Cathie Wood would do well to keep quiet. She gained fame for a short period when her fund performed very well, but look at this:

Morningstar Calls Cathie Wood The Worst 'Wealth Destroyer'