Bitcoin Market Report
First: Liquidity map (Heatmap)
• The strongest liquidity areas shown on the map:
• 82061: There are clear order clusters at this level, indicating potential support or resistance.
• 80015: Heavy liquidity levels support price action.
• 78057, 76011, 74053: These are all areas with heavy pending orders, which can act as support during any correction.
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Second: Distribution of open positions (Longs/Shorts - buy/sell deals)
Overall percentages across all platforms:
• Long (buy): 49.6%
• Short (sell): 50.4%
The most prominent percentages by platform:
• Bitget: Longs 50.4% | Shorts 49.6%
• MEXC: Longs 51.2% | Shorts 48.8%
• CoinEx: Longs 51.7% | Shorts 48.3%
• WhiteBIT: Lowest percentage of longs 35.1% vs. shorts 64.8%
• dYdX: Longs 46.8% | Shorts 53.2%
• Kraken: Longs 46.2% | Shorts 53.8%
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Third: Liquidation transactions (BTC Rekt - liquidation of positions)
Last 24 hours:
• Total liquidation: $701.71 million
• Number of traders liquidated: 239,445 traders
• Largest single liquidation: $16.38 million on Bitfinex
Filter details by time period:
• 1 hour:
• Longs: $6.5M
• Shorts: $1.7M
• 4 hours:
• Longs: $139.4M
• Shorts: $11.1M
• 12 hours:
• Longs: $180.8M
• Shorts: $39.3M
• 24 hours:
• Longs: $183.3M
• Shorts: $43.7M
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comments:
• The market is slightly more short-term in general.
• Long trade liquidations are much higher, which may indicate a bullish trap.
• Concentrating liquidity at specific levels gives speculators clear opportunities to accurately determine entry and exit areas.
