Revealing the Distribution of Liquidity in the BTC Futures Market

The yellow area in the chart shows the opening and liquidation trajectory of liquidity exceeding 100 million USD, with red and green arrows marking short and long liquidations, respectively.

Recently, the market has been fluctuating downward, but there are subtle changes in price behavior in the futures market. Previous rebounds were mostly due to the liquidation of shorts, while the false breakdown on December 20 shifted to capturing long liquidity.

This is a good sign for longs; after teammates stop-loss, the price rebounds immediately. The current focus is whether the recent rebound will continue to liquidate shorts?

If not, longs may welcome a liquidation opportunity; if it occurs again, longs need to be cautious, as the side with less liquidation in a fluctuation is more easily swept away by a wave.

The overall direction is hard to determine in the next 1-2 weeks, with liquidity on both sides being equal, and movement in either direction is possible. $BTC $ETH $XRP #币安Alpha公布第10批项目 #比特币走势观察 #马斯克改名 #比特币战略储备 #2025有哪些关键叙事？