Late at night, while monitoring the market, I saw a data chart that instantly woke me up. Bitcoin surged to the resistance level of 91,000 USD, and there were over 2 billion USD in leveraged short positions stop loss orders piled up. This is not just an ordinary resistance level; to put it bluntly, it's a liquidation bomb waiting for the fuse to be lit.

Once the price reaches the 91K range, these short positions will collapse like a chain of dominoes. Each forced liquidation equates to being forced to buy in, causing the price to rise, which will trigger the next wave of short positions to liquidate—this is a typical liquidity vortex phenomenon. The market price may no longer rise steadily, but instead be sucked up by this black hole, with the increase far exceeding everyone's expectations.

But seeing this data, I wasn't as excited as others to prepare for a long position. Instead, I felt a chill down my spine, thinking of a more terrifying scenario: what if 2 billion short positions were instantly squeezed, and the price violently surged afterwards? Behind the revelry often lies a mess. In such an extremely volatile market, those who are least prepared are always the first to get hurt.

This realization made me act immediately. Instead of opening long positions, I did something that seemed "cowardly" but was actually the most crucial thing—I converted all my short-term speculative positions and reserved liquid funds in my account into stablecoin holdings.

Surely someone will say: "Are you still buying stablecoins right before a huge surge? That's too conservative!" But really, when the market is pushed to extremes by leverage and algorithms, preserving your principal is much more important than chasing high returns.