The liquidation map shows that the liquidation funds are a bit insignificant, all high-leverage positions over 1 billion!
Let's briefly talk about the liquidation heatmap.
There exists over 1 billion in high-leverage short liquidations between 97800-98300. In simpler terms, if Bitcoin spikes into this area and liquidates these short positions, liquidity will decrease 📉, and we might see a pullback in the short term!
There is also over 1 billion in high-leverage long liquidations between 95000-95500. Once liquidity is cleared in this range, we can expect a bounce.
Based on the liquidation map, we derive the trading strategy: light short positions at 97800-98300,
long positions at 95000-95500!
#BTC