According to @lookonchain, wallet 0x50b3 opened a 20x long on 307 BTC worth about $27.5M at $89,642.7 with liquidation at $83,385, source: Lookonchain on X and hypurrscan.io/address/0x50b309f78e774a756a2230e1769729094cac9f20. According to @lookonchain, wallet 0x9311 opened a 40x short on 223.4 BTC worth about $20M at $89,502.7 with liquidation at $95,114, source: Lookonchain on X and hypurrscan.io/address/0x931153baac031d055389b41d12cd32c9bf0ae7a3. This sets a tight battleground around 89.5k–89.6k, with a -6.98% buffer to the long’s liquidation and +6.27% to the short’s liquidation calculated from the figures reported by Lookonchain on X, source: Lookonchain on X. Traders can watch $95,114 for potential short-squeeze fuel and $83,385 for long-liquidation risk since these are the stated liquidation prices in the Lookonchain update, source: Lookonchain on X. Combined notional is about $47.5M calculated from the $27.5M and $20M figures reported by Lookonchain on X, source: Lookonchain on X.