If we look at this liquidation heatmap, the price is below 4060 (the nearest support), and the liquidation leverage is very large, 400 million++.
Just a reminder, it's only the 21st today, and tomorrow is the 22nd. IYKWIM.
So the question is, is it possible for it to fall back to that range to liquidate those high-leverage traders? What do you think? IYKWIM.
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