BTC Heatmap 20 / 5 – After the liquidation of 131 M USD, the price is climbing into a new 'minefield'

The 24-hour liquidation chart shows that the market has just completed a leverage cleanup at 103k: at 10:10, a liquidation cluster of 131.4 M USD was triggered, then the price jumped straight to 106–107k. What’s frightening is not the increase, but how liquidity immediately 'vacated' below, leaving an empty bottom that is hard to support if the price turns around.

Three details to note

The next thick liquidation bands are in the 108k–110k range. This creates pressure to pull the price up to clear the remaining stubborn shorts, but it also means that this area will be the profit-taking wall for the long side that is in the green.

Dark green appears sparsely below 101k – a new short position formed due to the recent FOMO buy-the-dip. If the pump loses steam, this layer of inexperienced positions will be the first to be 'washed' out.

The range after liquidation is narrowing: the next 15-minute candle is tightening, indicating that speculative buying pressure has decreased. A 'real' squeeze usually maintains consecutive long-bodied candles; this time there isn't, meaning the next volatility is hard to predict in direction but will be swift.

Personal strategy:

1. I will not chase long in the 106–107k range. If the price surpasses 108k with an H1 candle closing above, I might scalp long with a target of 110k then sell. SL tight at 0.8%.

2. If the price breaks below 104.5k, the recently created empty zone could pull BTC back to 102k very quickly. In this scenario, I will short cautiously when H15 closes below 104.5k, with a stop at 1.2%, targeting a profit of 2–3%.

3. For those holding spot, move SL-profit up to 102k; the liquidation below is too thick, and a deep drop once will not rebound immediately.

[Personal analysis. Not an investment recommendation. Always consider exit strategies before calculating profits.]