As Bitcoin fell to the $81,800 range, short liquidation liquidity formed near $91,000 is drawing market attention. With news also emerging that China is pushing to seize a large amount of Bitcoin, eyes are focused on price movements and potential selling pressure.

As of 6:54 p.m. on the 22nd, Bitcoin was trading at $81,804.23.

■ $1.13 Billion in Short Liquidation Liquidity at $91,193

CoinEdition, a cryptocurrency-focused media outlet, reported via the CoinMarketCap community that Bitcoin's key liquidation liquidity is concentrated around $91,193. CoinEdition explained that, based on the point when Bitcoin was trading near $82,201, the cumulative short liquidation leverage at that price level amounts to $1.13 billion.

If Bitcoin's price rises and reaches the liquidation conditions of short positions, forced buying could trigger additional price volatility.

However, the $1.13 billion figure is not an amount of actual liquidations but rather a potential liquidation liquidity scale presented by CoinEdition. Reaching that price level does not necessarily mean the entire estimated amount will be liquidated.

■ Long Position Liquidation Risk Below... Caution on Two-Way Volatility

Liquidation liquidity for long positions also exists below the current price, meaning downside risk remains. If the price falls, forced liquidations of leveraged long positions could amplify volatility.

■ China Pushing to Seize 61,800 Bitcoin Linked to Fraud Case

Meanwhile, a CoinMarketCap community user, ayoxeth, posted that China is pushing to seize 61,800 Bitcoin related to a fraud case worth approximately $5.7 billion.

However, the post alone does not confirm the specific seizure procedures by Chinese authorities or whether the Bitcoin has actually been secured. 'Pushing for seizure' and 'seizure completed' must be distinguished, and seized Bitcoin is not immediately sold into the market.

Currently, the Bitcoin market is simultaneously discussing short liquidation liquidity above and long position liquidation risk below. Depending on which direction the price moves, liquidation pressure on leveraged positions may vary.

[This article is provided for informational purposes as an investment reference and does not recommend buying or selling any specific asset. Content is subject to change depending on market conditions. Investment decisions and responsibility rest with the investor. AI provided partial assistance.]