$1.464 billion in liquidation pressure is approaching, and BTC's current price is in the most dangerous position.

2026-01-10 00:31:59

Based on the latest on-chain data, BTC is currently facing a dual-sided liquidation pressure squeeze. If the price drops to $86,189, the cumulative long liquidation strength on mainstream exchanges will reach $1.464 billion; conversely, if it breaks through $95,113, the short liquidation strength will reach $1.327 billion. Currently, BTC is priced at $90,464, exactly between these two key levels, and market participants are engaged in intense long-short battles within this narrow range.

Symmetrical Distribution of Liquidation Pressure

According to Coinglass data, the current market liquidation pressure forms a relatively symmetrical pattern:

Price Level	Trigger Event	Liquidation Strength	Distance from Current Price
$86,189	Downward trigger	$1.464 billion	Down $4,275(-4.7%)
$90,464	Current price	-	-
$95,113	Upward trigger	$1.327 billion	Up $4,649(+5.1%)

The pressure scales at these two liquidation points are roughly comparable, implying that whether BTC breaks upward or downward, large-scale chain reactions could be triggered.

Subtle Balance Between Bulls and Bears

From the behavior of current market participants, this balance is beginning to break:

Active Short Sellers: According to data from January 8, a whale address starting with 0xfc66 has established 18 short positions on-chain, including tech stocks like TSLA and MSTR, while holding $45.64 million worth of BTC, ETH, and SOL shorts, currently with an unrealized profit of $1.3 million.
Large Holders Reducing Positions: Addresses holding between 1,000 and 10,000 BTC have decreased their holdings by 220,000 BTC year-over-year, marking the fastest decline since early 2023, which usually signals weakening market sentiment.
Institutional Accumulation Continues: The Monochrome spot Bitcoin ETF in Australia has increased holdings to 1,182 BTC, with a market value exceeding 162 million AUD; companies like MicroStrategy continue to buy BTC with cash flow.

Price Fragility

BTC at $90,464 appears calm on the surface but is actually in an extremely fragile equilibrium. Breaking below $86,189 requires a drop of only $4,275 (about 4.7%), while breaking above $95,113 requires an increase of $4,649 (about 5.1%). Within these distances, any major negative or positive news could trigger rapid price movements, leading to large-scale liquidations.

Short-term Risk Assessment

Considering the current distribution of liquidation pressure and the complex attitudes of market participants, BTC may face the following scenarios in the coming days:

If the price continues downward toward $86,189, the $1.464 billion long liquidation could create further downward pressure.
If the price rebounds upward and attempts to break through $95,113, the $1.327 billion short liquidation could push the price sharply higher.
Between these two levels, market volatility could significantly increase, posing substantial risks for short-term traders.

Summary

BTC is currently caught in a dual squeeze of liquidation pressure, with bulls and bears forming a delicate balance. Although the scales at the two liquidation points are similar, the behavior of market participants indicates that short-side forces are relatively active, and signals of large holders reducing positions are noteworthy. This suggests that downside risks may be slightly greater than upside opportunities. Investors should closely monitor the key levels of $86,189 and $95,113, as any breakthroughs could trigger large-scale chain reactions and lead to intense price swings.

BTC1,36%

ETH2,01%

SOL4,52%

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