BTC faces dual liquidation pressure: $1.328 billion long positions at risk and $1.047 billion short positions threatened

According to the latest news, BTC is currently facing significant two-way liquidation risks. According to Coinglass data, if BTC falls below $83,548, the cumulative long liquidation strength on major CEXs will reach $1.328 billion; conversely, if it breaks above $92,284, the short liquidation strength will reach $1.047 billion. At the time of writing, BTC is quoted at $87,879.75, positioned between these two liquidation points, and the market is seeking direction within this “gap.”

Dual Pressure of Liquidation Risks

Downward Risk: $1.328 Billion Long Liquidation Sword

From the current price, BTC needs to drop about $4,331 (a 4.9% decline) to reach the peak long liquidation strength at $83,548. What does this number imply?

Based on the latest data, over the past 12 hours, the entire network has been liquidated by $583 million, of which longs account for $553 million. This indicates that long positions in the market are already quite fragile. Once BTC falls below this key level, the $1.328 billion in liquidation strength will form a “liquidity waterfall,” further pushing the price down.

Upward Risk: $1.047 Billion Short Block

Breaking upward is also not easy. BTC needs to rise about $4,404 (a 5% increase) to reach the short liquidation peak at $92,284. Compared to long liquidations, the scale of short liquidations is slightly smaller but still enough to trigger a strong rebound.

Diverging Market Sentiment Signals

Interestingly, market attitudes toward BTC are not uniform:

• US Investors Are Selling: Coinbase Bitcoin negative premium index continues to widen, reaching a low of -0.169%, reflecting significant selling pressure from US investors.
• Bulls Are Defending: The mainstream CEX funding rates show that market bearishness on BTC is relatively cautious, with some trading pairs even at neutral rates, indicating that bulls are actively maintaining support.
• Volatility Is Rising: Over the past 24 hours, the entire network has been liquidated by $79.8021 million, involving 83,849 accounts, indicating a large number of market participants.

Current Balance Point

At the price of $87,879.75, BTC is actually at a relatively balanced position. The downward trigger point is $4,331 below, and the upward trigger point is $4,404 above, with liquidation strengths of $1.328 billion and $1.047 billion respectively.

This symmetry is no coincidence—it reflects the current equilibrium of the forces between bulls and bears in the market. Bulls hold more positions (hence the larger downward liquidation strength), but bears are not weak (the upward liquidation strength remains at $1.047 billion).

Next Focus

The subsequent movement depends on several key factors:

• Whether it breaks above $92,284: If bulls push through this level, it will trigger $1.047 billion in short liquidations, potentially creating upward liquidity momentum.
• Whether it falls below $83,548: If the bulls’ defense fails, the $1.328 billion in long liquidations will accelerate downward momentum.
• US investor sentiment: The Coinbase negative premium index is an important reference; if it continues to widen, it indicates sustained selling pressure.

Summary

BTC is currently at a delicate balance point. The risks of $1.328 billion in long liquidations and $1.047 billion in short liquidations form a “liquidation pincer,” and the market needs to break through one of these levels to establish a clear direction. The selling pressure from US investors contrasts with the bulls’ defense, and this divergence is at the root of current market volatility. The next breakout direction will determine the next phase of the trend, and investors should closely monitor the performance around these two key price levels.