Pay attention to key price levels of Bitcoin. The data from mainstream exchanges is here—

There is significant resistance above: If BTC can hold above $94,681, the chain reaction of short liquidations will be very fierce, and the cumulative liquidation strength on major CEXs could reach around $2.705 billion.

There is also risk below: Conversely, if it falls below $86,137, long holders need to be cautious. At that time, the cumulative liquidation strength of longs on mainstream exchanges could reach $1.563 billion.

The space between these two extreme points isn't very large, which means that once the market shows any signs of movement, the chain reaction of liquidations can be easily triggered. When trading, keep these two numbers in mind.