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So, what will the dog whales do tonight? According to on-chain data statistics, the situation is actually quite interesting—once Bitcoin drops below $87,000, long positions across major exchanges will face a $763 million liquidation wave. Conversely, if Bitcoin can break above $90,000, the shorts will face a $402 million liquidation pressure. The data is right here; where the market heads and the destructive power of liquidations will go hand in hand.