Jiang Zhuoer: Bitcoin long liquidation volume nearly 4x higher than short liquidation

Jiang Zhuoer stated on X that Bitcoin's rapid rise to $87,000 has depleted short liquidation volume above current levels. Coinglass data for Binance BTC/USDT perpetual futures indicates that a $10,000 price increase would trigger approximately $440 million in short liquidations, while a $10,000 drop would trigger $1.663 billion in long liquidations. Jiang suggests the price may test $87,500 to clear short stops before potentially falling to $79,000 to liquidate long positions.