Current picture with liquidity levels and potential liquidations for BTC. According to #Coinglass.
Predictably, the bears on top have more liquidity. But in this four-month long range, players are being pushed in both directions, and it is the bulls who are suffering the most lately. The situation in 24 hours - out of $170 million in liquidations, $143 million were longs.
The map of potential liquidations for#BTCshows that interesting liquidity levels are now closer to the bears. After today's decline, the bulls are reinsuring themselves and the nearest tangible liquidity is at the level of $59,900. The bears are less cautious and significant liquidations will begin at $60,600.
In general, the volumes of liquidations among bears and bulls are comparable before the fall to $57,930 and the rise to $62,500. $2 billion on each side. But if the growth is higher, the situation changes and the volumes are already two times different:
- Even if it falls to $53,380, the volume of liquidations among the bulls is $2.43 billion.
- With an increase to $67,283, the volume of liquidations among the bears is $4.96 billion.
According to the heat map of liquidity on Binance from Coinglass, the most expressive liquidity levels are as follows:
- at 24 hours: around $59,526, $60,723,
- during the week: $59,513, $60,333, $61,387, dense zone: $62,031-62,382, $64,080.
- for the month: $64,941, $69,252, $72,661.
All this only confirms that no matter how much the bears want to get out of this long range and go somewhere significantly downwards, they will first come for their deposits. And after the liquidity from above is removed, the ATH will be updated - you can expect some kind of tangible dump. And the more FUD there is in the market now, the more “the bull is over” and “now it’s only down” in social networks - the higher the likelihood of such a scenario.
