These two price levels of Bitcoin have recently become the focus of market attention. Data shows that if BTC falls below the defense line of $88,237, the liquidation scale of longs on mainstream centralized exchanges will reach a total of $1.526 billion — and this is no small number. On the other hand, if Bitcoin can surge to $96,967, the days for shorts will be tough, with a total liquidation strength reaching $1.042 billion.

These two data points actually reflect the distribution of leveraged positions in the market. A concentration of longs below indicates that downward risks are more likely to trigger chain reactions of liquidations, while the thickness of shorts above also reminds us that breaking through requires real strength. For traders, these key price levels serve as reference points for setting stop-losses — knowing where the liquidation pressure is can help better assess one's risk exposure.