On Friday’s options expiry day, the BTC liquidation wall is sitting right around 86,000. This level is genuinely delicate.
On-chain data is there for all to see: above 86,000 there’s a dense wall of liquidations stacked up—packed, tightly, with leveraged long positions. In the past 24 hours, open interest has still been relatively high. The market is waiting for a direction, and the calm feels a little abnormal.
Honestly, at a spot like this, I’m the most on guard. The quieter the market, the more it feels like it’s right before a storm. Volatility around expiry is already typically large: first it sweeps out one side’s leverage, and then it follows the real trend. Whether the 80,000 level can hold matters more than whether price can touch 86,000.
My own view is that this rally from 70,000 has been supported mainly by ETF inflows and wallet accumulation, so the fundamentals are solid. But retail leverage is also building up in parallel. Once that liquidation wall triggers, the needle-like spike won’t be small—brothers who chase higher should be mentally prepared.
How do you see the weekly candle closing out this week? Let’s chat in the comments.风控细节进群讨论
On-chain data is there for all to see: above 86,000 there’s a dense wall of liquidations stacked up—packed, tightly, with leveraged long positions. In the past 24 hours, open interest has still been relatively high. The market is waiting for a direction, and the calm feels a little abnormal.
Honestly, at a spot like this, I’m the most on guard. The quieter the market, the more it feels like it’s right before a storm. Volatility around expiry is already typically large: first it sweeps out one side’s leverage, and then it follows the real trend. Whether the 80,000 level can hold matters more than whether price can touch 86,000.
My own view is that this rally from 70,000 has been supported mainly by ETF inflows and wallet accumulation, so the fundamentals are solid. But retail leverage is also building up in parallel. Once that liquidation wall triggers, the needle-like spike won’t be small—brothers who chase higher should be mentally prepared.
How do you see the weekly candle closing out this week? Let’s chat in the comments.风控细节进群讨论
