The show begins! BTC long and short battle, who will be the first to get liquidated?

Current situation: BTC has hit a new high again.

BTC is currently at its peak, with the bears being killed off by 80%. Looking up, there are still a bunch of shorts waiting to be "harvested" at 113,000, and looking down, there are a large number of longs that could "liquidate" at 106,500 at any moment.

Data speaks: The exchange's "harvesting plan"

Calculations show that the liquidation area for the shorts above is greater than that for the longs below. What does this mean?

For example: It’s like a fisherman discovering that the fish density upstream is greater than downstream, so he will definitely choose to cast his net upstream. The exchanges are the same, with the shorts above being more lucrative, and the profits from going long and harvesting the shorts being higher.

Key price levels: Where is the lifeline?

Above 112,800: The "nightmare threshold" for the shorts; breaking through may trigger a chain liquidation.

Below 106,500: The "defensive line" for the longs; losing this level will trigger an avalanche of liquidations.

Real case review: Do you remember the time last year when BTC plummeted from 28,000 to 25,000? It was triggered by entering a dense area for long liquidations, resulting in a loss of 1 billion USD within a few hours! $BTC