While monitoring the market today, I noticed a very interesting piece of data—

The current Bitcoin liquidation heatmap is showing a rather extreme structure:

**Looking Up:**
At $94,000, there is close to $1 billion worth of short liquidation pressure accumulating.

**Looking Down:**
Around $91,000, the long liquidation volume is about $641 million.

This isn't a prediction—it's a fact directly reflected by the contract position distribution on major trading platforms.

To put it plainly, the current market is stuck in a "high-explosive" range:

- If the price moves up → shorts get liquidated en masse
- If the price drops → longs are wiped out instantly

The most dangerous setups are often near these critical points.

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# # Why is $94,000 a key level?

You can see on the liquidation chart:

Above $94k, there's a dense cluster of short liquidations, totaling around $1 billion.

What does this mean?

It's not just that "some people will lose money," but rather:

**Once the price breaks through, shorts will trigger a chain-reaction of forced covering.**

The height of the liquidation bars doesn't represent the exact amount, but rather reflects the "concentration of force":

- The higher the bar → the easier it is for the price to be pushed in the opposite direction
- The denser the liquidation cluster → the more likely a stampede effect can occur
- The larger the scale → the more likely major players will target this level

In other words:

At $94k, as long as there's enough buying power to push the price up, the forced covering by shorts will automatically take over, pushing the price further towards $95k, $96k or even higher.

Because liquidation itself is "forced buying," it creates a boosting effect.