A vision of a hot, steam-filled boiling pot serves as a clear warning of an impending disaster [מלבי״ם, ביאור שטיינזלץ]. The imagery of the pot is deeply symbolic of a siege. Just as a cooking pot gathers pieces of meat together to be boiled, the residents of the land of Israel will be forced together and trapped inside the besieged city, where the enemy will strike them [מצודת דוד].
This future devastation will sweep in from the north, pointing directly to Babylon, which is located north of the land of Israel [רש״י, מצודת דוד]. Until this critical moment, the disaster was held back, as if tightly tied up and restrained to protect the people from harm. Now, however, that protective knot is untied, and the devastation is fully unleashed upon the inhabitants of the land [מצודת דוד, מצודת ציון, רד״ק]. While the primary understanding involves the untying of a restraint, it can also be viewed simply as a direct opening of disaster, since the actions of untying and opening are closely connected [רד״ק].