This data is actually reminding us:
The current volatility of Bitcoin is not the "market trend," but the "leverage battle."
Breaking through $95,000 will trigger nearly $600 million in short liquidations;
Falling below $91,000 will trigger nearly $1 billion in long liquidations.
This is not a coincidence, but rather a highly leveraged market entering the "forced turnover zone."
The importance of liquidation is not because of the huge amounts, but because it reflects three deep signals:
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① Prices are dancing on the knife's edge, a slight movement leads to systemic reactions.
Shorts are concentrated at $95,000, and longs are concentrated at $91,000.
These two ranges are the current "double minefields."
Once touched, it is not "you lose, I gain," but:
Liquidity is forced to accelerate, prices are forced to accelerate, the pace is forced to accelerate.
This is the essence of liquidation: not the result, but the chain reaction.
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② Behind every major volatility, it is not emotion, but the "position structure."
Retail investors look at candlestick charts, while professional funds look at positions.
The current position structure tells us—
The market is locked in a narrow range,
The less clear the direction, the higher the leverage piles up,
Eventually becoming a situation of "non-choice or choice."
As long as one side is detonated first, the other side will be forced to liquidate.
Prices do not come out naturally, but are pushed out by positions.
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③ The higher the liquidation column, the more the main force hopes to wash away the opposing positions with volatility.
Liquidation data has never been passively displayed,
It is the largest unstable factor in the current market.
The denser the liquidation column, the more people are betting on one direction, and the easier it is to be blown up in the opposite direction.
In other words:
When the scale of liquidation is large enough to affect the market trend, it itself becomes the trend.
