This chart is a Binance $BTC /USDT Liquidation Map, showing where traders with leveraged positions (longs and shorts) might get liquidated if the Bitcoin price moves significantly.
Here's a thrilling interpretation:
What makes this exciting:
1. Current Price ($98,393):
The red dashed line shows the price of Bitcoin, where leveraged trades are currently active.
2. Potential Liquidations:
The red area (left) represents cumulative liquidations of long positions if the price drops.
The green area (right) shows liquidations of short positions if the price rises.
3. High-Leverage Hotspots:
The tall yellow and orange bars indicate concentration of high-leverage trades (e.g., 25x, 50x, and 100x).
A move towards these zones could trigger cascading liquidations, creating dramatic price movements.
