#美联储降息预期升温 Here is some liquidation data from Coinglass, which is quite interesting regarding recent market trends.

This price range for BTC is particularly noteworthy—if it drops below $83,649, the liquidation of long positions on mainstream exchanges will concentrate around $1.359 billion, which is a significant margin pressure. Conversely, if BTC can break through $91,659, the liquidation intensity on short positions will pile up to $1.161 billion, indicating strong momentum on both sides.

Coins like WOO, ETH, and ATA have recently shown volatility closely related to BTC's direction. Against the backdrop of rising expectations for Fed rate cuts, the pricing logic of risk assets is undergoing a restructuring, and market participants are becoming increasingly sensitive to changes in liquidity conditions.

These two price points with high liquidation intensity often become zones of intense battle between bulls and bears in the short term. Whoever can control these key levels essentially holds the short-term narrative.