$BTC BTC The leverage on the long/short side in this market is basically carving the four words “to rein in and halt the fall” right into everyone’s forehead. The currently visible price on the page is 84,062.4 USDT, and both the upside and downside are packed with liquidation “care packages” that are eyeing it hungrily.

From the liquidation map in Figure 1, you can see that dense, high-leverage concentration zones are piled up tightly above and below the current price. The traders’ positions on both the long and short sides are squeezed into an extremely narrow space, leaving them with no room to move. Then in Figure 2’s liquidation pain-point distribution, these leverage traders are holding plenty of chips, and the distance to their respective maximum pain points is just one step away.

Both sides are basically hoping to lift the other party straight out of the game. The result is that the funding rate is stuck at 0.00521% and refuses to move. The 24-hour contract trading volume of 17.207 billion is, in pure terms, just left foot on right foot and “self-congratulating” inside it. All the so-called experts who stare at these pillars and hypnotize themselves every day—why not first figure out which side enters the trade to send people to their deaths? Otherwise, what if your underwear gets swept clean by liquidity and you’re still there getting excited for no reason. $BTC