Bitcoin key price levels overview: Falling below $94,000 risks long positions, breaking above $98,000 puts short positions under pressure

【BlockBeats】Recently, I noticed a set of interesting futures market data. According to Coinglass statistics, Bitcoin’s price fluctuations are closely related to futures liquidations.

Specifically, if Bitcoin’s price drops below the $94,000 mark, the liquidation intensity of long positions on mainstream centralized exchanges will surge to around 1.556 billion. What does this mean? It indicates that once this price level is reached, a large number of long contracts will face forced liquidation, potentially triggering a chain reaction.

Conversely, if Bitcoin breaks above $98,000, the liquidation pressure on short positions will become apparent — the cumulative liquidation intensity of shorts on mainstream CEXs will reach 749 million.

It should be noted that the concept of liquidation intensity does not refer to the exact number of contracts pending liquidation or the specific value being liquidated, but rather measures the relative importance of different liquidation price levels. Imagine the vertical bars on the liquidation data — they actually represent the density of liquidations across different price ranges. The taller the bar, the more intense the market reaction when the price reaches that level, due to liquidity fluctuations.

For those trading contracts, this is an invisible risk map — knowing where these price levels are can help better assess position risks and stop-loss points.