Bitcoin has just broken through the $91,000 barrier, marking another milestone in the recent bull run. In tandem with this surge, the derivatives market is experiencing significant turbulence. Over $166 million worth of short positions have been liquidated within the past 24 hours, signaling aggressive bullish momentum and sharp moves catching leveraged traders off-guard. The liquidation cascade reflects heightened volatility and suggests heavy stop-loss hunting at key resistance levels. For traders watching the BTC/USDT pair, this combination of price strength coupled with large-scale liquidations indicates both conviction and risk—a classic setup where breakouts tend to accelerate as margin calls force position closures.