BTC approaches a key level, long and short liquidations reveal "minefield" area

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According to Coinglass real-time data analysis, Bitcoin’s current price fluctuates around $93,180, but there are two highly sensitive price clusters in the market.

“Stop-loss lines” for the bears

If BTC breaks above $92,000, short positions on mainstream trading platforms will face a wave of concentrated liquidations, with an estimated total liquidation strength of 4.17 billion. This means that at this price level, those who are shorting without timely stop-losses will be systematically liquidated.

“Danger zones” for the bulls

Conversely, if Bitcoin drops below $90,000, the days for the bulls will become even harder—liquidation strength for long positions on mainstream CEXs will rise to 10.7 billion, representing a larger risk release point.

What does the liquidation chart actually indicate?

BlockBeats points out: The bars in the liquidation chart do not precisely calculate how many contracts are waiting to be liquidated at a certain price level. Instead, they indicate the “degree of impact” when the price reaches different levels using relative intensity. Simply put, the taller the bar, the more intense the market reaction triggered by liquidity shocks when the price hits that level.

Currently, these two clusters (at $90,000 and $92,000) are key price points that market participants need to pay close attention to.

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