Bitcoin trades between $90K and $94K as Bitfinex whales close longs and short liquidity builds

Bitcoin has been capped below $94k after its recent rejection and is now moving in a narrow range between $90k and $93k, with spot price around $90,739 and a modest daily decline. While Bitfinex whales are aggressively closing long positions, a pattern that previously preceded a 50% rally to a $112k all‑time high, market liquidity is now clustered in short liquidation zones near $91.8k–$92.2k and $93.8k–$94.2k, and the long/short ratio has stayed under 1 for five straight days. With RSI sliding from 65 to 52 and demand weakening, a sustained break above $94k could trigger a short squeeze, whereas losing $90k support may open the way to $88k and heavier long liquidations.