Bitcoin $BTC What’s the next move?
Long liquidation strength below: $850 million
Short liquidation strength above: $1.35 billion
The biggest pain point for shorts is at 82,200; breaking through here triggers forced short liquidations, turning into buying pressure and accelerating the rise.
The biggest pain point for longs is still at 80,300; breaking below here triggers partial forced long liquidations, accelerating the decline.
So the liquidation map is best used not to tell you the direction, but to show you the key levels where price will accelerate up or down.
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