The clearing landscape of the BTC trading market is currently significantly differentiated. The cumulative liquidation volume on the long side is approximately 598 million, while on the short side it is as high as nearly 3.8 billion. This market reality reveals that there are often clear motives behind extreme price movements. When the liquidation forces of both long and short sides are highly concentrated in a certain area, even a small amount of capital intervention or information ripples may become the trigger for violent price fluctuations. In this case, the market's sensitivity and vulnerability coexist, and any disturbance may quickly change the trajectory of the price.
