Bitcoin (BTC) Market Analysis
1. Liquidity Heatmap
The liquidity heatmap shows critical areas that may affect price movement:
• $95,000: Strong resistance, could be a major selling point.
• $94,500: Significant support, if the price remains above this point, it may trend upward.
• $94,000 and below: Strong support areas that may help prevent a deep decline.
2. Open Positions Distribution (Longs/Shorts)
• Longs (Buy): Approximately 48.3%
• Shorts (Sell): Approximately 51.7%
The data indicates a slight bias towards sell positions, suggesting that some traders expect a price drop.
3. Liquidations
• Total liquidation in the last 24 hours: Approximately $400.57 million.
• Largest liquidation: $8.2 million.
High liquidation indicates significant market volatility, suggesting sudden movements that may lead to opportunities or risks.
