ChainCatcher news, Glassnode, an on-chain data analysis platform, posted that the largest clearing cluster above Bitcoin is located near about $90,000. If the price hits that level, leveraged bears will be forced to close their positions.
Glassnode said a zoom-in look at smaller clearing clusters near about $83,000 and $75,000 over the past two months. Regardless of which side the price touches, it may accelerate the next round of market fluctuations.