Just saw this liquidation heatmap, and I noticed something from those two pillars — the market has revealed its hand once again.

Let's break down the data: when it drops below 91,000, over 5.08 billion in longs are instantly liquidated; when it breaks above 93,000, 2.56 billion in shorts are collectively wiped out. This isn't some mystical prediction; it's a story written on the blockchain long ago. The key point is that the liquidation intensity chart is essentially a deep scan of the market structure — the longs piled above 91,000 are fundamentally retail traders chasing the high; while the shorts above 93,000 are the bears' last stand to defend this wave of price action.

My judgment is quite straightforward:

The short-term trap is clearly at 91,000. If the big players want to shake out the market, 99% of the time they'll "poke" through here to trigger panic and harvest liquidity. But I will keep a close eye on the large wallet accumulation — these numbers don't lie. Breaking above 93,000 signals a bear trap. Once volume confirms support, the capital from closing those 2.56 billion in shorts will act like flames heating a balloon, pushing the price above 96,000.

Why am I so confident? Looking at three dimensions.

On-chain: The perpetual contract funding rate has surged to 0.05% in the last 24 hours, indicating that the bulls are overly heated, and the market needs a wave of liquidations to cool down — this is actually a sign of a healthy bull market, no need to fear. Microstructure-wise, the narrow range between 91,000 and 93,000 has accumulated the densest liquidity in three months. The longer the price spends here, the more explosive the breakout will be.

My trading plan is divided into three timeframes:

If it really pokes through 91,000, I will go long in the 89,500 to 90,000 range, with a stop-loss at 88,800. When it breaks above 93,300, there's no need to wait — chase immediately, targeting the 96,000 to 98,000 range. If the price lingers and oscillates here, patiently wait until the weekly closes above 92,000 before adding to positions from the right side.

In a bull market, the liquidation wave isn't actually risk; it's an obvious money-making opportunity — provided you know where the powder keg is buried and when to light the fuse. The market plays the same tricks: turning most people's stop-losses into the profits of the minority. This round, we aim to be the ones collecting the money. Stay patient and wait for the right opportunity.