BTC liquidation map emerges: 1.955 billion short liquidation pressure vs. 1.037 billion long positions confrontation

According to the latest news, if BTC breaks through $92,367, the cumulative short liquidation strength on mainstream CEXs will reach $1.955 billion; conversely, if it falls below $83,818, the long liquidation strength will reach $1.037 billion. Currently, BTC is trading around $87,850.97, positioned below the midpoint between these two key liquidation levels. This data reflects the true state of current market bullish and bearish forces.

Asymmetrical Liquidation Pressure Pattern

Comparison of key liquidation levels

The most straightforward observation is: the short liquidation strength is nearly 1.9 times that of longs. This indicates that the scale and concentration of short positions in the market are significantly higher than longs.

Why is the short liquidation pressure greater?

According to relevant information, in the past 24 hours, the entire network experienced $176 million in liquidations, including $169 million from longs and only $6.86 million from shorts. This seemingly contradictory data actually reflects two different market phenomena:

• Long liquidations mostly occur because the market has already declined, liquidating long positions at high levels
• Short liquidation pressure is high because the scale of short positions is inherently large; when prices move in the opposite direction, chain liquidations are triggered

From the funding rate perspective, ETH and SOL on Binance have turned negative, indicating a broadly bearish sentiment on major CEXs. This suggests that market participants are generally bearish, with short positions accumulating to a considerable scale.

The Delicate Position of the Current Price

The $87,850.97 level is interesting because:

• It is about $4,500 below the upper liquidation level of $92,367 (a 4.5% increase)
• It is roughly $4,000 above the lower liquidation level of $83,818 (a 4.6% decrease)
• It is closer to the lower long liquidation level

Looking at recent price movements, BTC has declined 9.30% over the past 7 days, with market sentiment clearly under pressure. However, this also means that the upward liquidation pressure is actually greater—once a bullish chain of liquidations is triggered, concentrated short liquidations could lead to more intense price swings.

The Market’s True Risks

Relevant information mentions that the new Fed chair candidate’s outlook has shifted from dovish to hawkish, coupled with renewed tensions over Greenland and tariffs between Europe and the US, causing short-term risk appetite to rapidly cool. This explains why market sentiment is broadly bearish.

But from the perspective of liquidation strength, current risks are two-sided:

• Downside: Longs are concentrated around $83,818; a drop below this level would trigger $1.037 billion in long liquidations
• Upside: Shorts are concentrated around $92,367; a breakout above this level would trigger $1.955 billion in short liquidations, a larger scale

Considering that short liquidation strength far exceeds that of longs, if the price moves upward, the chain reaction of liquidations could be even more intense.

Summary

Currently, BTC faces a clearly asymmetrical liquidation pressure: short liquidation strength is nearly twice that of longs, yet the current price is closer to the lower long liquidation level. This structure indicates that although market sentiment is quite bearish, the upward liquidation pressure is actually greater. In the short term, price fluctuations around $87,850 are likely to be frequent, and reaching either key liquidation level could trigger larger chain reactions. Investors should pay close attention to the breakthroughs of these two critical levels ($92,367 and $83,818), as they will directly influence the market’s short-term direction.