Examining the Bitcoin liquidation heat map, the current contract market shows a clear accumulation of long and short positions. Regardless of price fluctuations, a large number of contracts will be triggered for liquidation.
This phenomenon indicates that the market is still dominated by contract trading, and the underlying logic behind price fluctuations lies in the plundering of contract liquidity.
If the price rises, a large number of significant and oversized short liquidations will emerge in the $95,450 - $98,750 range; if the price drops, many significant and oversized long positions will face forced liquidation in the $93,600 - $90,300 area.
