Recently, I've been paying close attention to on-chain data and liquidation surface changes, and I've found some interesting points.

These days, the area between 90,000 and 92,000 has been filled with orders—stop-loss orders on both sides are ridiculously numerous. On the long side, liquidation pressure is 1.07 billion, while on the short side, it's 417 million. The numbers look unbalanced, but the underlying message is clear: as soon as the price moves in either direction, chain reactions of liquidations will trigger, amplifying the market chaos to uncontrollable levels.

The on-chain situation is as follows. Large addresses are still slowly accumulating, but the pace has clearly slowed down; meanwhile, the outflow from exchanges has rebounded in recent days, indicating that smart money is quietly stocking up amid volatility. From the news side, there’s no significant negative sentiment, and macro sentiment remains relatively stable.

My view remains unchanged: in such a critical position, don’t guess blindly if you can’t determine the direction, but once a breakout occurs, you must follow through. If the price breaks below 90,000, liquidity will be drained immediately, likely leading to a quick test of the 86,000 to 88,000 support zone; conversely, if it holds above 92,000, the short liquidation wave will become a driving force for further upward movement.

I’ve already set my stop-loss orders—short if it falls below 90,000, go long if it breaks above 92,000, but I will tighten my stops on every trade. During this phase, the market is most prone to whipsaws—those who get shaken out are often the ones who move recklessly without clear direction. Wait for confirmation signals before taking action; rushing in isn’t better than waiting.

The market is building momentum, and volatility itself is an opportunity. Stick to your plan and avoid mistakes at critical moments. Only by staying steady can you go far.