News from Old Mexico:

On April 10, according to Coinglass data, if Bitcoin rebounds and breaks through $84,000, the cumulative short liquidation intensity on major CEXs will reach $637 million.

Conversely, if Bitcoin falls below $81,000, the cumulative long liquidation intensity on major CEXs will reach $918 million.

Bitcoin is in a "knife-edge balance" state, and the breakout direction in the $81,000-$84,000 range may determine the market tone at the beginning of the second quarter. Investors should pay close attention to:

On-chain data (Glassnode on-chain liquidation heatmap)

Exchange stablecoin reserves (Is there enough ammunition to drive the rise?)

It is recommended to reduce leverage and wait for direction confirmation before positioning to prevent the risk of "double killing" for both long and short positions.