How far is BTC from $95,649? $2.5 billion in short positions are waiting to be liquidated.

According to the latest news, if BTC breaks through $95,649, the total short liquidation strength on mainstream CEXs will reach $2.532 billion. Conversely, if it falls below $87,099, the long liquidation strength will reach $1.87 billion. The $8,550 range between these two key price levels is becoming the dividing line between bullish and bearish forces in the market. Currently, BTC is priced at $91,027.23, just below this critical range.

Market Structure Behind Liquidation Strength

What is liquidation strength

Liquidation strength reflects how many leveraged positions will be forcibly closed at a specific price. The larger this data, the higher the “liquidation risk” at that price level. A short liquidation strength of $2.532 billion means that if BTC truly breaks through $95,649, a large number of short sellers will be forced to cut losses, potentially triggering a chain reaction that further drives up the price.

Bullish vs. Bearish Forces

According to the data, the liquidation strength when breaking upward ($2.532 billion) is significantly greater than when breaking downward ($1.87 billion), indicating that the current market has a larger scale of short positions. In other words, there are more traders betting against the price rising, or the scale of short positions is larger.

How Critical Is the Current Price Level?

BTC’s current price of $91,027.23 is between these two key levels. From above, it needs to rise about 5.08% to trigger $2.532 billion in short liquidations. From below, it needs to fall about 4.31% to trigger $1.87 billion in long liquidations. This indicates the market is in a relatively balanced but slightly fragile state.

Market Background and Recent Trends

Price Movement

• 24-hour decline: 2.45%
• 7-day increase: 3.89%
• 30-day increase: 0.31%

This shows BTC has experienced a short-term pullback but remains in an overall upward trend. The 7-day increase suggests BTC has accumulated some gains over the past week, which may have led to profit-taking, causing the recent 24-hour decline.

Market Size

BTC market cap is $1.82 trillion, accounting for 58.30% of the entire cryptocurrency market. The 24-hour trading volume is $4.262 billion, down 18.06% from the previous day. The decline in volume may reflect decreasing market participation, which often signals an upcoming directional decision.

Next Focus Points

Possibility of an upward breakout

If BTC continues to rise and breaks through $95,649, the $2.532 billion short liquidation will be triggered. This could create a “domino effect,” where a large number of short positions are forced to close, pushing prices higher and attracting more buying. From a technical perspective, breaking this level may confirm a new upward trend.

Risks of a downward breakdown

If BTC falls below $87,099, the $1.87 billion long liquidation will commence. Although this liquidation strength is relatively smaller, it could still trigger a chain reaction. Considering the recent volume decline, market liquidity may be insufficient to absorb such shocks.

Personal observations

From the asymmetry in liquidation strength, the market fears an upward breakout more. This often reflects that market participants perceive higher risk in rising prices. However, this also means that once a breakout occurs, upward momentum could be very strong. Conversely, the weaker downward liquidation strength may suggest the market has relatively strong defenses against declines.

Summary

BTC is currently between two key liquidation levels, with bulls and bears competing. The $2.532 billion upward liquidation strength and $1.87 billion downward liquidation strength outline the upcoming market risk distribution. Data indicates the market fears an upward breakout more, reflecting a larger scale of short positions. At the same time, recent volume declines may signal an imminent directional decision. The key next step is whether BTC can find support within the $4,622 upward space or test the $87,099 support level downward. Regardless of the scenario, the liquidation strength data reminds us that upcoming price movements could be quite volatile.