Bitcoin's price action around the 97,100 level is becoming critical right now. If BTC breaks decisively above this resistance, we're looking at liquidation cascade for shorts—over $1 billion in short positions could get wiped out in the process.

This is where things get interesting. When large liquidation zones align with key technical levels, traders typically watch the action closely. The squeeze potential here is substantial. A move past 97,100 would trigger significant forced covering, which could accelerate the rally further. Market participants should monitor this level carefully—it's basically a liquidity hotspot where a lot of leverage is stacked.