The show is on! The BTC long and short showdown is in full swing, who will trigger the liquidation wave first?
Current battle situation: BTC has reached a new high again, the bears have already taken an 80% hit. Looking upward, there are still many short positions waiting at the 113000 level, becoming the 'prey' ready to be harvested; looking downward, the 106500 level is gathering a massive number of bulls, which could trigger a liquidation alert at any moment.
Data reveals the exchange's 'harvesting strategy'
Through calculations, it can be seen that the scale of short liquidations above far exceeds the long liquidations below—what does this mean?
To put it another way: if a fisherman finds that the density of the fish upstream is far greater than that downstream, he will naturally choose to cast his net upstream. The exchanges are the same; the potential gains from long positions harvesting shorts are obviously higher.
Key price levels: The game of life and death
• Above 112800: The 'life and death line' for the shorts, once broken, could trigger a chain reaction of liquidations
