Every fluctuation of Bitcoin is a magnifying glass of market sentiment and a silent battleground of capital games.

Friends, I am the Golden Block. Today's news is crucial, and I will break it down for everyone in simple terms.

In simple terms, Bitcoin is currently at a "crossroads" — $108,000 is like a defense line; if it breaks, a large number of long contracts in the exchanges will be forcibly liquidated, with a liquidation pressure of up to $520 million; on the upside, if it can break through $115,000, the liquidation pressure for short contracts is much smaller, only $8.6 million.

Note that this does not refer to how much money will be liquidated, but rather how "painful" it will be when the market reaches that position.

Let me give you an example:

Just like the flash crash last month, when the price dropped to a certain point, a chain liquidation was triggered instantly, buy orders couldn't keep up, and sell orders surged madly, causing fluctuations of thousands of points in just a few minutes — this is the power of liquidity waves.

So these key levels are definitely not just a numbers game; they are psychological defenses in the short-term bull-bear battles.

My view is very clear: as an investor, don't just focus on the price jumping around; it’s more important to understand the market structure.

These areas of concentrated liquidations are often the fuse for short-term market changes. A breakout may accelerate the rise, while a breakdown may trigger panic selling.

Want to know how to anticipate these key areas in advance?

How to avoid becoming a "sacrifice" in the tide of liquidation?

Follow me, and in the next issue, I will break down on-chain data to help you understand the big players' strategies.

Don't get lost in the crypto world, follow me @区块之金 $BTC #美国宏观经济数据上链