1. Liquidity Map (Heatmap)
The liquidity map shows us potential support and resistance areas in the market based on pending buy and sell orders. In the case of Ethereum (ETH), the key points focus on:
• 1900 dollars: A large cluster of orders, indicating strong resistance or potential support.
• 1850 dollars: A level of dense liquidity supporting price movement.
• 1800, 1750, 1700 dollars: Areas with dense pending orders, which may indicate strong support in case of a price correction.
2. Distribution of Open Positions (Longs/Shorts)
The following analysis illustrates the ratio of long (Long) and short (Short) positions in the market, which helps identify prevailing trends:
• Overall ratios on different platforms:
• Long (Buy): 48.3%
• Short (Sell): 51.7%
• Ratios by platforms:
• Bitget: Longs 49.5% | Shorts 50.5%
• MEXC: Longs 50.1% | Shorts 49.9%
• WhiteBIT: Longs 45.6% | Shorts 54.4%
These ratios show that the market slightly favors sell (Shorts) positions, meaning traders are more inclined towards bearish expectations.
3. Liquidations
Liquidations indicate traders whose positions were closed due to sudden market movements:
• Total liquidation in the last 24 hours: 400.57 million dollars
• Number of liquidated traders: 180,220 traders
• Largest individual liquidation: 8.2 million dollars on Bitfinex
Details of liquidation by time duration:
• In the first hour:
• Longs (Buy): 2.8 million dollars
• Shorts (Sell): 1.1 million dollars
• In 4 hours:
• Longs (Buy): 50.6 million dollars
• Shorts (Sell): 6.8 million dollars
• In 12 hours:
• Longs (Buy): 82.3 million dollars
• Shorts (Sell): 12.2 million dollars
• In 24 hours:
• Longs (Buy): 125.7 million dollars
• Shorts (Sell): 21.5 million dollars
4. Important Notes
• The market slightly favors sell (Shorts) positions, indicating a relative dominance of short trades in the market.
• Liquidation of buy (Long) positions was significantly higher, which may indicate a bullish trap in the market.
• Liquidity areas allow traders to pinpoint precise entry and exit points based on current market movements.
