btcheatmap

BTC Daily Liquidation Heatmap
What the hell is Liquidation? Imagine you borrow money to buy Bitcoin, if the price continues to fall, your money can run out and your position is closed because the total minus is above your balance, which is liquidation.
The bright yellow zone at $60,000 - $61,000 is like a leveraged "time bomb", many traders borrow money to bet long there, be careful if the price is lowered down there to take the money losing traders put / bet long up. Liquid Retail trader = fuel for whale
Why is $60,000 so important? If this level is broken, domino liquidation can fall in a row and prices can plummet deeper in an instant.
More people "borrow" to bet the price goes up (long) than those who bet to guess the price goes down (short), so the market is more susceptible to being hit down. $BTC
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