#比特币流动性 Today’s market performance was quite weak, so I checked the BTC liquidation level chart again. I was shocked—there’s still a dense accumulation of liquidations for high-leverage longs below. But on the other hand, while the density is high, if you look further down, the liquidation volume below 86,000 clearly starts to thin out. The most intuitive sign is: the further down you go, the significantly shorter the liquidation lines at corresponding prices.

What does this indicate? The probability of a sudden crash is actually not very high. A more likely scenario is that after breaking below 86,000, the price will initiate a rebound—that is, to clear out the shorts below. What looks like a very weak trend now? It’s actually just a retest move.

But here’s a question: after falling, when the decline stops and the price stabilizes, does that mean the price will rise straight up? My judgment is: not necessarily. Even if a rebound starts, after reaching a certain height, it’s very likely to continue probing lower. So, my target zone for the rebound is around 【87900-88400】.

$BTC, $ETH, $BNB —these assets are all worth paying attention to for the upcoming movements.