The latest liquidation heatmap data shows that both Bitcoin and Ethereum are at sensitive price levels.

On the Bitcoin side, the area between 97.5k and 98.5k is a short-term squeeze zone — commonly known as a magnet level, which tends to attract repeated testing of the price. Looking downward, the range between 94.5k and 95k is filled with large long liquidation pools, and a break below this level could trigger a risk explosion.

Ethereum's situation is similar. The area between 3.43k and 3.50k forms a short-term resistance zone, while 3.20k to 3.25k is a minefield for long positions.

Under this trend, the most common market pattern is false breakouts followed by reversals. The probability of a cascade effect reaching over 60% can be high, meaning it’s very likely to quickly reverse after hitting a key level. Traders should pay attention to these price pain points — they are often the locations where large funds sweep their positions.