Bitcoin breaches $91,000 mark as traders liquidate over $60 million worth shorts in 1 hour

Bitcoin price today: Bitcoin on Sunday breached the $91,000 mark, pushing the cryptocurrency to fresh highs amid economic uncertainties.

The world’s largest cryptocurrency shot up in a steep rise as traders liquidated Bitcoins worth $60 million in just one hour, according to The Kobeissi Letter.

In the past 24 hours, Bitcoin scaled a high of $91,431.62, as per data from CoinMarketCap. At 6:57 IST, Bitcoin price today was standing at $91,139.84, up by 1.21% in the last 24 hours, the data showed. In the past 7 days, Bitcoin has risen around 4%, reflecting a broader market sentiment of risk appetite amid a muted end to 2025.

Ethereum, the world’s second largest cryptocurrency was also up by over 0.5%. In the past 24 hours, it touched a high of $3,160.55, CoinMarketCap data showed.

Other cryptocurrencies like Tether, XRP, Solana, Dogecoin and Binance were up too, reflecting a broader positive sentiment in the cryptocurrency market today.

Bitcoin breaching the $91,000 mark has been triggered by a number of facts, including renewed buyers confidence, according to Pi42 co-founder and CEO Avinash Shekhar.

“Bitcoin breaching the $91,000 mark highlights a decisive shift in market tone, supported by the rapid liquidation of over $60 million in short positions within an hour. This move reflects renewed buyer confidence and improving liquidity as participants reposition for the year ahead. While macro cues such as upcoming U.S. economic data continue to influence near-term sentiment, Bitcoin has shown resilience even amid global headline-driven volatility,” he said.

According to the CoinSwitch market desk, the broader crypto market moving higher played a role in the Bitcoin price rise today. “BTC climbed above $91K as the broader crypto market also moved higher. The rally followed a liquidation-driven reset, with crowded short positions forced to cover as prices broke key levels. Around $180 million in futures positions were liquidated over the past 24 hours, largely from shorts.”

Bitcoin holding above $91,000 is a critical development, Shekhar explained.

“The swift recovery after brief dips suggests strong demand emerging on declines, reinforcing the strength of the current structure. Holding above $91,000 is an important technical development, as it turns a former resistance zone into potential support. If this level sustains, the market opens up room for a renewed push toward the psychological $100,000 mark in the near future, signaling a potentially stronger continuation of the broader uptrend,” he said.

Coinswitch noted that ongoing political uncertainties are likely behind the risk appetite, amplifying Bitcoin price today. “Ongoing Political uncertainties may have briefly lifted risk appetite, as traders sought exposure to liquid assets due to heightened global headlines, encouraging short-term buying and amplifying the move rather than driving it fundamentally. Holding BTC above $91K keeps the market constructive and supports gradual upside, while a dip below this level would more likely lead to short-term consolidation than a sharp sell-off.”