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The clearing data from mainstream exchanges reveals an interesting phenomenon. Currently, two key price levels in the market are forming a symmetrical pressure pattern.
Looking upward, if BTC can break through the $97,901 level, the short positions accumulated on major CEXs will face concentrated liquidations. Data shows that at that time, the total liquidation strength will reach $1.699 billion — a significant amount.
Conversely, the downside risk is also present. If BTC drops below $88,694, long traders will face opposite pressure. At that point, the total liquidation strength of long positions on major exchanges will reach $1.475 billion.
This symmetry itself is quite intriguing. Two price levels, two directions, two forces of liquidation. For those active on exchanges, these data points are worth close attention — they often indicate potential market volatility nodes.