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If Bitcoin breaks through the $93,000 level, major exchanges' short positions will face large-scale liquidations—total liquidation strength could reach 528 million.
Conversely, if the price drops below the $90,000 support, the bulls will also be affected, with long position liquidations on mainstream platforms reaching 364 million.
Both sides are set with liquidation traps. Whether it surges upward or breaks downward, it's a moment for big funds to harvest. The market swings back and forth between these two figures of 528 million and 364 million, with every fluctuation rewriting the fate of derivatives traders. Key price levels, key numbers—it's a test of who can hold their ground and who must admit defeat.