2026-01-20 10:23:39

Looking at the liquidity distribution of BTC futures over the past three months, I found an interesting insight.

The most discussed correction target in the market is 88K, but according to the liquidation heatmap, 86K is actually a more significant level to watch. In other words, if the price really drops, 88K might just be the first stop, with a larger liquidation zone at 86K waiting below.

Recently, the performance of DOGE, ETH, and PEPE has been highly correlated with the overall market, but the story on the futures side is even more interesting.

There is a clear change in this wave of market movement — previously, during rebounds, the market was mostly accumulating short liquidity, but this time, it's different. In this new rebound, the distribution of short liquidity is surprisingly less concentrated than long positions. What's going on? Upon observation, most shorts are actually hedging rather than genuinely betting on a decline.

What does this indicate? It suggests a subtle shift in the attitude of large players and institutions at this level. With more hedging positions, speculative shorts are less prevalent, and the market's opposing structure has changed. For those looking to bottom fish, this is a useful reference.

BTC-3,22%

DOGE-2,95%

ETH-4,41%

PEPE-4,03%

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AirdropHunter9000

· 5h ago

86K is the real trap, and those discussions about 88K are all traps set for retail investors.

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SelfStaking

· 20h ago

The liquidation cluster around 86K is definitely worth paying close attention to, while the discussion at 88K is so heated that it might actually lead to a trap. Are there more hedge positions and fewer speculative shorts? That's an interesting logic, indicating that major institutions are really softening their stance. It feels like big players are laying the groundwork, no wonder this rebound momentum feels different. Could 86K be the bottom? Or should we keep digging lower? Liquidity is shifting so quickly; I've never seen such a structural change in opposition before. The market's opposition structure is being reshaped, and that's the real signal worth paying attention to. 88K is just a smokescreen, the real target is below.

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GateUser-26d7f434

· 01-20 10:52

86K over there is really stacking up, 88K is probably just a cover story Institutions are hedging more, which shows they still have some confidence. These details are easy to overlook Is the liquidity of the shorts not concentrated like the longs? This logic is reversed, the bottom-fishing signal is quite interesting

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PerennialLeek

· 01-20 10:51

86K is the real sniping point; those at 88K are probably going to get caught in a trap.

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MEVHunterX

· 01-20 10:51

86K is the real trap, and those at 88K are just being harvested like leeks. What does the institution's hedging indicate? It still depends on when they actually start building their positions.

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AirdropLicker

· 01-20 10:48

86K is the real trap; those at 88K are probably going to get cut again.

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SchrodingerWallet

· 01-20 10:46

You really need to keep an eye on the 86K level; the folks at 88K might be getting trapped.

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TradFiRefugee

· 01-20 10:39

86K is the real sniping point; the group at 88K has been waiting too obviously, and institutions have long seen through it. Hedging with more speculation and less, this signal is pretty good, indicating that big players are not that bearish.

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ETHmaxi_NoFilter

· 01-20 10:36

That 88K level feels a bit shaky. In my opinion, 86K is the real entry point.

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