Bitcoin faces major short liquidation cluster near $90K, Glassnode says

Key Summary

Glassnode has identified a significant short liquidation cluster near $90,000 on Bitcoin, with estimated cumulative short liquidations approaching hundreds of millions of dollars. As of October 4, 2026, Bitcoin was trading between $85,000 and $86,000, bringing the cluster within a few percentage points. If price reaches $90,000, leveraged bears could be forced to close their positions, triggering a wave of mechanical unwinding. This could push the price higher, adding momentum, and potentially triggering more liquidations. The cluster is not the only concern, as smaller clusters near $83,000 and $75,000 could also accelerate the next directional move.