Interpretation of liquidation data at two key Bitcoin price levels

【BlockBeats】According to the latest statistics from the on-chain data platform, Bitcoin’s price faces two significant liquidation pressure points.

If BTC breaks above $93,000, the cumulative short liquidation strength on major exchanges will reach 352 million. This means that short positions will be triggered en masse, and the market will experience a wave of bullish liquidity.

Conversely, it is equally important to pay attention to the opposite scenario—if Bitcoin falls below $90,000, the long liquidation strength on major exchanges will reach 637 million. Such a large-scale long liquidation could trigger a chain reaction.

Here, it is essential to understand a key concept: the liquidation strength chart does not show the exact number or specific value of contracts pending liquidation, but rather the relative importance of liquidations at each price range—i.e., the strength level. Simply put, higher “liquidation columns” indicate that when the price reaches that level, the market impact caused by the simultaneous closing of a large number of positions will be more intense. Once the price reaches these zones, liquidity vacuums may instantly amplify volatility.