BTC is range-bound between 90,000 and 86,000, with liquidation pressure exceeding 500 million USD on both sides.

On December 2, market data from 【Block Rhythm】 shows that Bitcoin is in a key contest zone.

According to Coinglass statistics, the liquidation data from mainstream exchanges reveals interesting signals: looking upwards, once BTC breaks through the $90,000 mark, shorts will face a liquidation pressure of about $713 million. Looking downwards? If the price falls below the $86,000 level, the cumulative liquidation intensity for longs will reach $575 million.

Let me clarify here—many people misunderstand that the liquidation chart is displaying the “number of contracts pending liquidation”; it is not. Those bar charts represent the “relative strength of liquidation clusters,” which is a comparison of the importance of various price bands.

In simple terms: the taller the pillar, the more intense the liquidity shock will be when the price reaches that position, and the market reaction will also be more severe. This is not an exact liquidation amount, but rather a distribution map of the market's weak points.

Currently, these two price levels serve as a bear defense line and a bull stronghold respectively. Whichever side breaks first, the market will tilt in that direction.