$BTC
Just accept it... the market is about to collapse.
From here, a 10% drop would liquidate more than $13 billion in long positions, while a 10% move up would wipe out less than $4 billion in short positions.
This shows just how much longs currently outweigh shorts, leaving far more liquidity below the price than above it.
The only move I still see as possible before the bigger drop is a sweep of the highs toward $87,500–$88,500.
This is currently the largest short liquidation cluster, with nearly all of the remaining short liquidity ( $3 billion).
Sweeping those highs would only make the imbalance more extreme.
After that move, there would be barely any short liquidity left above, while even more long liquidity would likely build up below.
So, for me, there are two scenarios:
Either we see a collapse from the current level, or we sweep $88,500 first and then see a massive long squeeze straight afterward.
A continued move up without a proper pullback won’t be sustainable for much longer. Price will wipe out these late longs...
Just accept it... the market is about to collapse.
From here, a 10% drop would liquidate more than $13 billion in long positions, while a 10% move up would wipe out less than $4 billion in short positions.
This shows just how much longs currently outweigh shorts, leaving far more liquidity below the price than above it.
The only move I still see as possible before the bigger drop is a sweep of the highs toward $87,500–$88,500.
This is currently the largest short liquidation cluster, with nearly all of the remaining short liquidity ( $3 billion).
Sweeping those highs would only make the imbalance more extreme.
After that move, there would be barely any short liquidity left above, while even more long liquidity would likely build up below.
So, for me, there are two scenarios:
Either we see a collapse from the current level, or we sweep $88,500 first and then see a massive long squeeze straight afterward.
A continued move up without a proper pullback won’t be sustainable for much longer. Price will wipe out these late longs...