BTC Heatmap Liquidation Analysis Reveals Key Short-Term Information!
From the 24H liquidation chart of BTC, large liquidation hotspots are concentrated at the lower level of 107425 and the upper level of 110769.
Large long liquidations mainly occur at 108641 and 107425, while large short liquidations mainly occur at 110161, 110769, and 111225.
This indicates that the market sentiment is relatively optimistic about the short trend recently, and directly chasing shorts at this time is not a wise choice, as there is not much large liquidation space below. Conversely, there are large liquidations everywhere for shorts above. If a liquidation of shorts is initiated, it will lead to a lot of distress, so those observing can wait for the rebound liquidation part before chasing shorts.
