BTC long and short liquidation is asymmetric: $2.946 billion hanging overhead, market bullish sentiment strong

According to the latest data, BTC faces different levels of liquidation pressure at two key price points. If BTC falls below $90,619, the cumulative long liquidation strength will reach $2.946 billion; conversely, if it breaks through $100,105, the short liquidation strength is only $815 million. Currently, BTC is trading around $95,473, between the two levels. This data pattern reflects the subtle game happening in the market right now.

Market Signals from Liquidation Data Perspective

Significant Difference in Long and Short Liquidation Strength

According to Coinglass data, the asymmetry in liquidation strength this time is noteworthy:

The long liquidation strength is 3.6 times that of the short, indicating what? The market is heavily stacked with long positions, showing a clear bullish expectation for BTC compared to bearish. This not only reflects the current market sentiment tilt but also means that downward liquidation pressure is much greater than upward.

Risk Characteristics at the Current Price Level

BTC is currently trading around $95,473, positioned between the two key liquidation points. Recent performance shows an increase of 4.62% in 24 hours, 2.18% over 7 days, and 8.05% over 30 days, with an overall upward trend. However, during this rise, long leverage positions are continuously accumulating, which implies:

• If upward momentum is insufficient to break through $100,105, longs may face profit-taking pressure
• If it declines, a massive liquidation waterfall below $90,619 could accelerate the downward speed

Implicit Meaning of Market Structure

From the market scale perspective, BTC’s market cap has reached $1.91 trillion, accounting for 58.64% of the entire crypto market. The 24-hour trading volume is $5.533 billion, meaning the $2.946 billion long liquidation strength is roughly equivalent to half a day’s trading volume. Once triggered, this level of liquidation can cause a significant impact on market liquidity.

This data pattern also reflects a phenomenon: market participants have a strong bullish consensus on BTC, but this consensus comes at the cost of concentrated risk on the downside. In other words, the market’s “vote with their feet” results in a buildup of long positions.

Practical Significance for Traders

This type of liquidation data has real reference value for short-term traders:

• $90,619 has become an important technical support; breaking this level could trigger a chain of liquidations
• $100,105 is a critical resistance that bears need to defend
• The current price is relatively safe in the middle, but downside risk exposure is greater

Summary

The asymmetry in BTC liquidation data clearly reflects the current bullish bias in the market, but this accumulation also amplifies downside risks. The $2.946 billion long liquidation strength is not a threat but a sign of market participants putting their faith in BTC to continue rising—while also bearing greater downside risk. For market observers, this data suggests paying close attention to two key levels, especially the $90,619 mark below, which could become a crucial support level determining the short-term direction.