The show starts with #BTC再创新高 ! The battle between BTC bulls and bears, who will be the first to get liquidated?
Current situation: BTC has reached a new high again.
Currently, BTC is at its peak, with 80% of the bears getting slaughtered. Looking up, 113,000 has a bunch of shorts waiting to be "harvested," and looking down, 106,500 has a large number of longs that might "liquidate" at any moment.
Data speaks: The exchange's "harvesting plan"
Calculations show that the liquidation area for shorts above > the liquidation area for longs below. What does this mean?
For example: It's like a fisherman finding that the fish pile upstream is denser than downstream, so he will definitely choose to cast his net upstream. The exchange is the same; the shorts above are more lucrative, and the "profit" from harvesting shorts is higher.
Key price levels: Where's the lifeline?
Above 112800: The "nightmare level" for shorts, a breakthrough could trigger a chain liquidation.
Below 106,500: The "defensive line" for longs, losing it will cause an avalanche of liquidations.
Real case review: Do you remember last year when BTC plummeted from 28,000 to 25,000? It was triggered by hitting a dense liquidation area for longs, resulting in a loss of one billion dollars in just a few hours!