#btc Recently, Bitcoin has been quite thrilling! 🚨 According to the latest data from Coinglass, there are two key levels that are super thrilling:
1. $108,000: If it breaks here, all short positions across the network will be liquidated at $1.144 billion U (equivalent to $1.144 billion in contracts going up in smoke 💥)
2. $105,000: If it breaks below, the liquidation amount for long positions will be larger, $1.179 billion U will be liquidated directly 📉📈
But here’s the key point! ⚠️ This liquidation chart is not an exact number, but rather shows a tsunami warning for market liquidity around a certain price level. The taller the column, the denser the positions at that price level; once the price touches it, it's like igniting a powder keg—either the shorts get liquidated and push the price up, or the longs capitulate and accelerate the drop.
🤔 The current situation is a bit like a standoff between two armies:
- The bears have heavily fortified at $108,000; if the bulls push to this position, it will trigger a chain liquidation
- And $105,000 is the last line of defense for the bulls, once lost, it could trigger a larger scale sell-off
But there is a hidden trap here! 💡 The exchange's liquidation data is actually a double-edged sword:
✅ The liquidation wave may become a catalyst for price breakout (like the chain liquidation during last June's LUNA crash)
❌ It could also be manipulated by the whales to create false breakouts for liquidation
Here are three survival tips:
1. No matter bullish or bearish, don't go all in, leave enough margin
2. If it breaks $105,000, don’t rush to buy the dip, wait for confirmation of support
3. If it breaks $108,000, don't chase the high, be cautious of good news being fully priced in
Do you think this time will the shorts get liquidated first or the longs? Place your bets in the comments! 🎲
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