【Blockchain Rhythm】Every price fluctuation of Bitcoin affects the liquidation data of exchanges. According to the latest on-chain data analysis, when the price breaks through or falls below key integer levels, mainstream exchanges will face liquidation pressures in different directions.
Specifically, if Bitcoin breaks above the $93,000 level, market short positions will be concentrated in liquidation, with the total liquidation strength potentially reaching 439 million. Conversely, if Bitcoin falls below the $91,000 support level, a wave of long position liquidations will occur, with the total liquidation strength expected to surge to 455 million.
It is important to understand that the liquidation strength chart does not display the exact number of contracts pending liquidation or the value being liquidated. Instead, it uses bar graphs to reflect the relative importance of each liquidation price range compared to adjacent ranges — that is, the concept of "strength." In other words, this chart tells traders: when the price reaches a certain level, it may experience significant volatility due to concentrated liquidity.