According to the latest statistics from the on-chain data platform, several key levels of Bitcoin's price will trigger significant liquidation chain reactions.

Specifically, once Bitcoin drops to $89,000, the accumulated long liquidation pressure across major trading platforms will surge to approximately . This means that if the price reaches this level, traders holding long positions will face the risk of a chain of liquidations. Conversely, if Bitcoin can break through the $91,000 resistance, the liquidation risk for short holders will increase to @E5@.

It should be particularly noted that the liquidation intensity chart does not represent the exact number of contracts pending liquidation or the specific amounts being liquidated. The height of the bars on the chart actually reflects the relative importance between adjacent liquidation clusters—that is, the intensity level. In other words, this tool truly tells us: when the underlying asset's price moves into a certain range, how much market impact it will have. The taller the bar, the more intense the market reaction triggered by liquidity waves when the price reaches that level. For traders, these key levels become important reference points for developing risk management and position strategies.