Liquidation Data Alert: BTC fluctuated within 4%, triggering nearly $3 billion in liquidations, as bullish and bearish confrontation intensifies

According to the latest news, if BTC breaks through $99,665, the cumulative short liquidation strength on mainstream CEXs will reach $1.494 billion; conversely, if it falls below $90,644, the long liquidation strength will reach $1.326 billion. This set of data reveals a key phenomenon in the current market: the forces of bulls and bears have formed a highly symmetrical liquidation pressure.

Key Level Analysis for Liquidation

Currently, BTC is trading around $95,279, between two critical liquidation levels. The specific positional relationships are as follows:

This symmetrical liquidation layout is no coincidence. It reflects that both sides in the futures market have accumulated large positions at these specific levels. Once the price breaks through these key points, chain reactions of liquidation will be triggered.

A True Reflection of Market Microstructure

Based on the latest data, the current market shows a clear stalemate between bulls and bears:

Institutional funds continue to flow net into the market

Yesterday, the US spot Bitcoin ETF recorded a net inflow of $753.8 million, the highest single-day inflow since 2026. Among them, BlackRock’s IBIT saw a net inflow of $126.3 million, and Fidelity’s FBTC saw a net inflow of $351.4 million. This indicates that institutional investors are accumulating on dips and remain optimistic about BTC’s medium-term prospects.

Bearish forces are also significant

According to on-chain data, aggressive traders like the “20 million wave hunter” are continuously increasing their positions in BTC, LTC, and HYPE short positions, with unrealized losses reaching $1.15 million. This shows that although bears are under pressure, they have not given up and are still waiting for a downward breakout opportunity.

Technical indicators show overbought risks

Recent 4-hour candlesticks show RSI above 70, in the overbought zone, which usually signals a potential short-term correction. However, trading volume is decreasing simultaneously, indicating that upward momentum is weakening.

Market Implications of Liquidation Strength

The liquidation strengths of $1.494 billion and $1.326 billion may seem enormous, but in the context of BTC’s market, they require rational assessment:

• These liquidation figures are accumulated data across major CEXs and will not all trigger at once
• The liquidation process is usually accompanied by price pullbacks, forming natural support and resistance levels
• Continuous inflow of institutional funds indicates market expectations for an upward breakout

Two Scenarios to Watch

Upside Breakout Scenario: If BTC breaks through $99,665, bears may be forced to stop-loss, potentially accelerating the rally. However, considering overbought signals and decreasing volume, this process may not be smooth.

Downside Pullback Scenario: If BTC falls below $90,644, longs may be forced out, possibly triggering a deeper correction. Yet, ongoing net inflows of institutional funds could provide support at this level.

Summary

Currently, BTC is at a highly sensitive point, with nearly $1.5 billion in liquidation pressure accumulated within a 4.6% range above and below. This symmetrical liquidation pattern reflects the true market state: bulls and bears are evenly matched, and any breakout by either side could trigger chain reactions. The continuous net inflow of institutional funds suggests risk appetite, but overbought signals on the technical side also warn of short-term correction risks. The key next step is whether BTC can effectively break through the $99,665 resistance or find support at $90,644. These two levels will determine the next market direction.