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Bitcoin is currently at a critical juncture. Looking upward, once BTC breaks through the $91,584 mark, short positions on mainstream exchanges will face significant liquidation pressure, with total liquidation strength potentially reaching $1.897 billion. What does this mean? Short sellers may experience concentrated liquidations, which could further drive up the price of the coin.
Conversely, looking downward is not easy either. If BTC falls below $83,214, long contract traders should be cautious, as long position liquidation strength could accumulate to $1.618 billion. Both directions are filled with liquidation minefields, and traders need to be aware. No matter which way it moves, it could trigger a large-scale chain reaction of forced liquidations.
Based on historical backtesting of on-chain leverage positions, when the price breaks near integer levels like 91584, it usually triggers chain reactions of liquidations. It’s worth noting that the real risk does not lie in a one-way breakout, but in the oscillation of prices between these two nodes—each test serves as a micro-mechanism verification of "harvesting" retail traders.
It is recommended that everyone first study the source code logic of the exchange liquidation engine (especially the parts related to automatic position reduction), and you will understand why institutions can always harvest at retail stop-loss levels. This is not conspiracy theory; it is an inevitable aspect of token economics.