#美联储回购协议计划 Regarding BTC's recent price thresholds, market data is worth paying attention to.

According to the latest data from on-chain analysis platforms, the distribution of liquidation pressure across major exchanges is quite interesting:

**Upward Direction**: If BTC breaks through the $91,807 level, the accumulated short positions on mainstream CEXs will face a liquidation pressure of $1.081 billion. In other words, this price level could serve as a "safety valve" for shorts.

**Downward Direction**: Conversely, if BTC falls below $83,263, the liquidation scale for long positions will reach $789 million. The roughly $8,500 range between these two prices is currently the most closely watched battleground among market participants.

What does this reflect? It is a combined effect of Federal policy expectations, macro liquidity, and institutional position movements. In the short term, these two price levels will be key support and resistance points for traders. The performance of altcoins like TRU, ONT, and AT often follows BTC's directional breakthroughs, so these two thresholds of Bitcoin also indirectly influence the overall market's risk exposure.