BTC liquidation intensity imbalance: The upward pressure of 2.7 billion in short positions far exceeds the risk of over 1.5 billion in long positions below.

According to the latest news, Coinglass data shows an interesting market phenomenon: there is a clear imbalance in liquidation intensity at different price levels. Currently, BTC is oscillating around $90,131.71, not far from the critical liquidation pressure zone, which is significant for short-term trend analysis.

The Contrasting Forces Behind Liquidation Intensity

Liquidation intensity reflects the scale of positions pending liquidation in the derivatives market at specific price levels. Simply put, the larger the number, the more concentrated the risk in that price area. Based on the data:

This data reveals a clear signal: the scale of short positions in the market far exceeds that of long positions. The short liquidation intensity above is 1.73 times that of the long positions below, indicating traders are not optimistic about a near-term rally and have accumulated a large number of shorts at higher levels.

Risk Assessment at the Current Price Level

The true meaning of upward pressure

If BTC breaks through $94,681, it will trigger $2.705 billion in short liquidations. This sounds like a bullish signal—massive short positions forced to close can generate buying pressure. However, in reality, this also indicates significant psychological and technical resistance above. Traders are heavily short at high levels, which shows caution about a breakout.

According to recent information, BTC has indeed experienced volatility over the past few days. The 7-day chart shows BTC once broke above $93,012 but then fell back to $91,965, indicating there is noticeable selling pressure at higher levels.

The relatively moderate support below

In contrast, the $86,137 level has only $1.563 billion in long liquidation intensity. This means that even if BTC falls below this level, the scale of triggered shorts (or long liquidations) is relatively small. From a risk perspective, the downward “momentum” is not as strong as the upward movement.

Insights from the Market Situation

The asymmetry of bullish and bearish forces

This imbalance in liquidation intensity reflects the true market sentiment: more people are bearish, and their positions are heavier. Technically, this manifests as significant resistance above and relatively stable support below.

The difficulty of breaking through

Breaking above $94,681 is not easy, because it requires overcoming technical resistance and digesting a large number of shorts. Once broken, the $2.7 billion in liquidations could trigger chain reactions, but only if there is enough buying volume to push through.

According to recent reports, spot ETF fund inflows last week amounted to about $459 million, with institutions accumulating 5,891 BTC. While these funds provide support, whether they are enough to push BTC above $94,681 in the short term remains to be seen.

Key Focus Areas Moving Forward

• $94,681: The most critical resistance level in the near term. Whether it is broken or not will determine if large-scale short liquidations will be triggered.
• $90,000: A psychological threshold near the current price and an important support level.
• $86,137: The lower defense line; a break below requires clear negative triggers.

Summary

Coinglass data clearly indicates that there is a significant short squeeze in the current BTC market. The $2.705 billion liquidation intensity above far exceeds the $1.563 billion below, reflecting market caution about upward movement and hinting at potential chain reactions if a breakout occurs. Conversely, the more shorts there are, the more limited the downside space becomes. For traders, the key is to closely monitor whether the resistance at $94,681 can be effectively broken, which will determine whether the market enters a new phase.