Bitcoin prices rose again, breaking through the $91,000 mark in early Asian trading on Sunday, extending the rebound that began in early 2026. Market analysts believe that approximately $180 million worth of cryptocurrency was liquidated in the past 24 hours. This surge, besides technical and financial factors such as forced liquidation, is also related to recent escalating geopolitical tensions and changes in market risk sentiment triggered by the Trump administration's statements regarding taking over Venezuela.
Long liquidation pushes Bitcoin above $90,000 mark
According to the latest market quotes, Bitcoin (BTC) rose to approximately $91,300, a daily increase of about 1.4%, and a cumulative increase of over 4% in the past seven days. Other major cryptocurrencies also strengthened, with Ethereum (ETH) rising about 1% to near $3,150, a weekly increase of about 7%; Solana (SOL) rose about 1.6% on the day, with a cumulative increase of over 8% in the past seven days; Ripple remained above $2, rising about 0.6% on the day, with a cumulative increase of nearly 10% in the week; and Cardano rose slightly, with a cumulative increase of about 8% in the past seven days.
One of the key factors driving this overall upward trend is the significant wave of liquidations in the futures market. Data shows that approximately $180 million in cryptocurrency futures positions were liquidated in the past 24 hours, including about $133 million in short positions and about $47 million in long positions. The liquidation structure indicates that short positions were previously concentrated in the market, and as prices continued to rise, some traders were forced to cover their short positions, further pushing up prices.
Market liquidity accelerates price movement
Market liquidity also amplified this trend. During periods of relatively limited trading volume, even moderate-sized spot buy orders could push prices above key technical levels and trigger stop-loss mechanisms in the futures market. When short sellers' anticipated pullback fails to materialize, forced liquidation often transforms a relatively gentle upward movement into a faster price breakout.
The Trump administration's unexpected move to deal with Venezuela is seen as a major positive development by crypto investors.
Besides structural market factors, traders are also paying attention to recent political developments in Venezuela. Trump stated that the US plans to "take over" Venezuelan affairs, but the White House has not released specific details. Subsequently, after President Nicolás Maduro was detained by the US, Venezuela's Supreme Court granted Vice President Delcy Rodríguez full presidential powers. Trump also mentioned Venezuela's oil resources, stating that the US will maintain a presence in the country's energy sector, and hinted that if the new government cooperates with the US position, ground troops may not be needed.
Cryptocurrency market participants generally view such geopolitical news as a catalyst for short-term volatility rather than a direct driver of long-term fundamentals. However, in an environment of rising risk appetite, related political news can still influence asset allocation and trading behavior, especially when highly leveraged positions are concentrated. The recent surge in Bitcoin and other major crypto assets reflects the interplay of multiple factors, including liquidation effects, leverage structure adjustments, liquidity conditions, and the market's immediate reaction to international political developments. Future price movements will depend on the sustainability of macroeconomic risk sentiment and the market's ability to maintain stable buying support at high levels.
This article, titled "War as a Catalyst! Bitcoin Price Breaks $91,000 Due to US Military Action Against Venezuela," first appeared on ABMedia (a ABMedia ).
