BTC liquidation data revealed: The battle between two key price levels of 90,000 and 86,000.

On December 2, 【币界】 observed an interesting set of data: Coinglass shows that if BTC breaks through the $90,000 mark, short positions on mainstream exchanges will face a cumulative liquidation pressure of $713 million. If it falls below $86,000, long positions will have to bear a liquidation volume of $575 million.

Here, I need to explain the logic of the liquidation chart—it is not about counting how many contracts are waiting to be liquidated, nor is it about accurately calculating the specific amounts being liquidated. The bars on the chart actually reflect the “concentration of liquidations in various price ranges,” which means that it indicates which positions are more likely to trigger a chain reaction.

Therefore, the higher the pillar, the more intense the liquidity shock will be after the price reaches that level. When the market gets to that position, the volatility may instantly amplify.