The candlesticks on the screen are wildly fluctuating, while the liquidation map deep in the market is silently flashing—it's a certain signal before the storm arrives.

During the period when Bitcoin fell from $103,900 to $122,000, the total liquidation amount across the network soared to $19.141 billion, with over 1.62 million investors being instantly liquidated. On the surface, this looks like a global risk asset sell-off triggered by a major country's tariff policy, but in reality? It’s a script that has long been written by the liquidation clusters hidden beneath the data.

Having been in this industry for so many years, what I fear most is never the big drop itself, but those invisible liquidation traps that can’t be seen with the naked eye.

**What is a liquidation map?**

In leveraged trading, the forced liquidation map is like a CT scan of the market. It doesn’t show exactly how many orders are to be liquidated, but marks the price points where the bulls and bears are in the fiercest confrontation. When the price hits these peak areas, a chain reaction of liquidations begins, and price volatility can be amplified several times.

Recently, I analyzed a bunch of data and found that the $110,000 level for Bitcoin is particularly suspicious—it repeatedly appears in the liquidation maps across different timeframes, like the main battleground for both sides. How important is this number? It’s so critical that it has become a life-and-death line for whether the market can continue to rise.

Traders who understand this logic can set their stop-loss and take-profit levels more intelligently, avoiding being caught off guard by this liquidity shock.