连锁反应

$BTC is currently in a critical range of fluctuations, with $84,000 being an important short-term support level and $86,000 an important short-term resistance level. From on-chain data, a drop below $84,000 will trigger $862 million in long liquidations, potentially causing #连锁反应 and intensifying downward pressure on the market; conversely, a breakout above $86,000 will lead to $665 million in short liquidations, or drive prices further upward.
Currently, the market has seen some improvement under the uncertainty of Trump's tariff policy, #避险需求 has risen, while #比特币债券's plans and other long-term benefits are still brewing, making the overall market sentiment quite complex. From a technical perspective, trading volume has not shown significant expansion, indicating that both bulls and bears are still in a tug-of-war, and the short-term direction still needs to focus on the breakthrough situation of key levels. Once a breakout above $86,000 occurs, Bitcoin may welcome a new round of upward movement, while a drop below $84,000 should be wary of a rapid correction triggered by liquidations.