Recent developments in the cryptocurrency market indicate a potential wave of liquidations in Bitcoin short positions. Analysts report that approximately $7 billion worth of Bitcoin shorts will be liquidated if the price reaches $90,000. Additional insights suggest that a total of $8 billion in shorts could be affected by a move to $92,700, which is about $10,000 higher than current levels. In the past 24 hours, the market has already seen significant liquidations, with 134,907 crypto traders liquidated for a total of $465.91 million. Notably, over $80 million in long positions were liquidated in just one hour, and the largest single liquidation was an Ethereum long position worth $11.85 million. Overall, the last 24 hours have witnessed liquidations totaling $310.47 million across various cryptocurrencies.