2026-01-23 01:01:02

Today's market seems to be fluctuating again under the tug-of-war between two forces. Let's first take a look at the 24-hour liquidation structure.

BTC is currently trading around 89.4k. On the upside, the biggest pain point for bears is at 90.9k, only 1.6% away. On the downside, the biggest pain point for bulls is at 88.3k, -1.2% away. What does this mean? Simply put, BTC is caught in the middle — resistance above to short-sellers isn't strong, but the downside space is limited. According to market logic, it's more likely to push upward first to clear out the shorts.

ETH's situation is a bit interesting. The current price is 2948, with the bear pain point at 2975 (+0.9%), and the bull pain point at 2884 (-2.1%). Notice this difference: the liquidation point above is very close, while below it’s relatively farther. This kind of structure often leads to a quick "short squeeze" rally, rapidly clearing out the shorts.

What about altcoins like SOL, DOGE, and BNB? The bear pain points are generally between +2% and +2.5%, while the bull pain points are between -1.5% and -2%. The overall characteristic is that the upper side is prone to break, while the lower side is quite solid — the market tends to push up first and then shake out.

From the overall structure, this isn't a one-sided trend. More precisely, the price is like being attracted by a "liquidation magnet," oscillating within a range. The most likely market movement is to first test the upper bear pain point, observe the reaction, and then decide whether to revisit the dense bullish areas.

The short-term trading strategy is to closely monitor the reactions near liquidation points, enter and exit quickly, and avoid being caught in a back-and-forth trap.

BTC-4.42%

ETH-4.69%

SOL-4.73%

DOGE-3.23%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
10
Repost
Share

Comment

0/400

SandwichDetector

· 01-26 00:58

Here comes the liquidation magnet again, basically just waiting to be harvested.

View OriginalReply0

StableGenius

· 01-25 21:21

lmao the liquidation magnet theory... empirically speaking, every time someone charts this beautifully they get absolutely destroyed three candles later. not saying it's wrong, just saying i've seen this exact setup liquidate both sides simultaneously. actually watched it happen last tuesday.

Reply0

RektButAlive

· 01-25 09:40

Here comes the liquidation magnet again. Can it really break through this time? --- This ETH structure looks quite fierce. Short squeezes often happen in an instant. --- After saying so much, in the end, quick in and quick out is the way to go, or you'll be harvested in minutes. --- BTC has been squeezed in the middle so many times, I feel like I've gotten used to it. --- SOL and these altcoins are so loose above, why does it feel like they are the first to move? --- The pain points of liquidation can easily turn into hunting points; it depends on how the main players play. --- It's the same old routine of first pumping then washing out, a familiar taste. --- Honestly, this kind of market with options on both sides is the hardest to judge. --- ETH's 0.9% above is just a bearish pain point? Feels like this time we might really give it a try. --- Range-bound oscillation is so boring, just waiting for one side to break the face.

View OriginalReply0

LiquidityWizard

· 01-25 00:35

ngl the liquidation structure here is basically textbook squeeze setup... theoretically speaking, that asymmetric pain point distribution on eth is statistically significant enough to warrant shorts getting obliterated first. btc's 1.6% vs 1.2% differential is... actually predictable given historical volatility patterns, contrary to what most people think

Reply0

AirdropGrandpa

· 01-23 01:30

Once again, it's this kind of choppy market with head and foot traps. Watching this liquidation structure analysis every day has become tiresome, but indeed, the probability of a breakout this time is quite high. I understand the short squeeze structure of ETH now, just waiting to be harvested. Quick in and out trading is real, but I just want to ask how many people can do it without greed... BTC is about to consider cutting positions after another surge; this kind of frustrating market is most prone to a fall. The term "liquidation magnet" is interesting, implying that the market is playing us. SOL and DOGE, these altcoins, are so easy to break above, it feels like another false rally is coming. The market remains the same: clearing out shorts and then flipping to trap longs, cycle after cycle. My only current concern is not knowing how long this surge can last; it feels like it could turn around at any moment. That's right, but in actual trading, it's still easy to get shaken out—lesson learned. I'm just worried that a sudden dump from above might happen, and whether 88.3k breaks or not becomes irrelevant.

View OriginalReply0

DegenWhisperer

· 01-23 01:27

Here we go again with this routine, liquidation magnet pulls in a wave of shorts, then continues to shake out the market, I'm done.

View OriginalReply0

0xLuckbox

· 01-23 01:21

It's another situation where everything is trapped from both ends, so annoying. I can only bet on an upward surge, since the short position isn't far off anyway.

View OriginalReply0

GateUser-c802f0e8

· 01-23 01:15

Here comes the liquidation magnet again, the daily fluctuations are really getting annoying.

View OriginalReply0

DustCollector

· 01-23 01:12

Here comes the same old liquidation magnet theory, getting tired of hearing it If the short squeeze rally crashes down, the bears will laugh while the bulls cry ETH's structure looks like it could easily break the top, but I bet it will just hover around 2900 again and again Quick in and out in the short term, it's easy to say, but the ones truly getting harvested are still us retail investors

View OriginalReply0

GasFeeCryer

· 01-23 01:11

It's the same old trick again, pump first and dump later. The bears get wiped out when it's time, truly impressive.

View OriginalReply0