BTC key price level: 300 million long order waiting to be triggered below 85,000, short positions also hanging above 87,000.

[Block Rhythm] The data at the beginning of December is worth noting: If BTC falls below the 85,000 USD line, the intensity of long orders being swept on mainstream exchanges could reach 315 million - this number is not small.

What about looking up? If the coin price breaks through 87,000 USD, the shorts will suffer, with a cumulative liquidation intensity of around 142 million.

The “liquidation intensity” mentioned here needs some explanation: it does not refer to how many contracts will be liquidated, nor is it an exact liquidation amount. The bars in the graph actually reflect the relative importance of the liquidation clusters at various price levels—meaning that when the market reaches that price, it will be shaken to what extent.

The higher the pillar, the more it means that after the price is reached, liquidity will trigger a more intense chain reaction. In simple terms, once it is in place, the market may either take off directly or plunge.