š§ BITCOIN LEVERAGE LANDSCAPE ā PAST 7 DAYS
This Coinglass chart illustrates the distribution of unliquidated leveraged positions over the past 7 days ā meaning open Long and Short positions that could still be liquidated if price moves sharply. The current price is marked at šŗ $118,823.
š WHAT DOES THE DATA SHOW?
š¹ Red line: Total open Longs ā at risk if price drops
š¹ Blue line: Total open Shorts ā at risk if price rises
š¹ Vertical bars: Indicate leverage concentration by price zone (not positions that have already been liquidated)
š This is a risk heatmap ā identifying price zones where market volatility is more likely if BTC moves into them.
š„ HIGH-RISK PRICE ZONES
š $115,000 ā $117,000: Large cluster of Short positions. If BTC pushes higher, a short squeeze is likely, which could fuel rapid upside.
š $120,000 ā $122,000: Concentrated Long positions. If price dips, this zone could trigger a liquidation cascade.
š Above $124,000: Leverage thins out ā Fewer obstacles to upward momentum if BTC breaks through.
š PRICE ACTION OUTLOOK
š» Below $118,823: Open Longs are mostly safe ā decent support region
šŗ Above $118,823: Many Shorts remain unliquidated ā further upside could trigger a wave of forced buying
š” TRADING TAKEAWAYS
ā”ļø If price breaks above $121,000: Short squeeze scenario could drive aggressive upside
ā”ļø If price falls below $117,000: Risk of Long liquidations and short-term selling pressure
ā ļø KEY REMINDERS
šø This chart does not reflect already-liquidated positions
šø It highlights where open leverage is concentrated ā offering clues about zones that may "ignite" if tested
š Source: Coinglass ā real-time data
