The market has just undergone a major liquidation event around the price level of ~$105,894. This is the “neck-snapping” zone for Longs—where most highly leveraged Long positions were wiped out. The total liquidation volume for Longs at this level is significantly higher compared to other price zones in the past 7 days, particularly on Bybit and OKX, reflecting a common “buy the top” sentiment among users on these platforms.

In contrast, on the right side of the chart, we see Short liquidations gradually building up, indicated by the rising green curve. This shows that Shorts are starting to get squeezed as the price rebounds from the Long liquidation zone, suggesting potential upside if the Short pressure continues.

Overall, the market structure is entering a transitional phase between two forces:

🔥 Weak Longs have been flushed out.

🧊 Shorts are now coming under pressure.

This setup hints at a possible continuation of the rebound or a breakout to the upside, as long as there’s no significant resistance-driven selling overhead.

#Bitcoin #LiquidationMap #CryptoTrading