This chart has some reference value, but it is merely a reference. Just look at Ethereum, how many short liquidations are there? The price just won't go up.

I've been staring at the liquidation map for a month, my back is drenched in cold sweat - 82,000 hangs over 15 billion long liquidation orders (equivalent to 10 million BTC)!

Once it falls below 82,000, the liquidation amount will roll over stop-loss orders like a bulldozer, and the actual dumping funds will instantly amplify to 20 billion (leveraged liquidation + programmed stop-loss + bottom-fishing funds hit by triple strikes).

Shorts won't even have time to hit the open position button, and longs will kneel down to hand over their chips!