After looking at Coinglass's liquidation heatmap, I decided to put everything else aside — key nodes have indeed appeared.

The two thresholds at $89,000 and $92,000 each represent real market forces behind the numbers. The bar below indicates a liquidation strength of 89.4 million in long positions; once broken, high-leverage longs will face concentrated stop-losses, and the market will be under short-term pressure. Conversely, if the 560 million in short position liquidations above is breached, it could trigger a stampede of short squeezes, potentially fueling an upward surge.

Over the past few days, I’ve been continuously tracking on-chain data and have caught several interesting signals. First, the frequency of large BTC transfers from exchange wallets has noticeably increased, indicating that institutions or big players are quietly building positions. Second, the exchange-held stablecoin reserves remain high, suggesting the market’s "ammunition" is well-stocked. Combining this with the liquidation map, my judgment points to one direction: the market is accumulating energy, and the probability of breaking above $92,000 is higher.

Why do I think so? If the main force really wanted to dump the market, they wouldn’t mark the "longs’ graveyard" at $89,000 so clearly for everyone to see. A more reasonable explanation is that they are repeatedly oscillating around $90, shaking out weak-handed retail longs, then suddenly triggering a short squeeze.

My practical strategy is simple: hold onto the bottom spot firmly, and keep only a very small exploratory position in futures. The heatmap is a "distribution of market activity," not a crystal ball — but it clearly shows where bloodbaths might occur. Now, it’s just about patiently waiting for the market to make a choice: consider adding positions if it breaks above the resistance, or wait for the second support level if it falls below.

Data and market sentiment never lie. Friends paying attention to this trend should focus on the performance around these two price levels.