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Bitcoin's two key price levels exposed, CEX liquidation strength may exceed $600 million
【Blockchain Rhythm】The liquidation risk of Bitcoin on mainstream CEXs is gradually emerging. According to on-chain data, the current price trend is approaching two critical levels.
Looking upward, if BTC breaks through $94,000, the concentrated liquidations of short positions will create a strong impact, with the total liquidation strength on major exchanges reaching $465 million. The short-term defense line at this level is relatively weak; a breakout could trigger a chain reaction.
Conversely, the downward risk is also worth noting. If Bitcoin falls below $91,000 support, bulls will face a more intense wave of liquidations—total liquidation strength is expected to reach $621 million. This data clearly indicates how large the current risk exposure for longs is.
However, it is important to clarify a common misconception: the liquidation strength chart does not represent the exact number of contracts pending liquidation or the specific amount being liquidated. It actually shows the relative “importance” of each liquidation zone compared to its surroundings—in other words, the intensity. When the price reaches a certain level, the market will be impacted to a certain degree; large liquidation bars indicate a stronger liquidity wave, and the rebound or decline will be more vigorous.