They have cleared all visible liquidity up to 59K in the current decline. The region above where short pressure increases is 65,376. There is 1.5 billion dollars worth of liquidation in this region. If the decrease does not remain as a flash crash, if the correction continues, even if there is no certainty, it can be wicked there, clean it and fall, if it remains as a flash crash, it can take it and continue. In short, when the price reaches there, it is useful to follow it, so keep an eye on that region.
When we looked at the funding and open positions side, I already shared it, but let me share it again, open positions worth 3 billion dollars were deleted, the majority of which were long positions. Funding would be considered very high under normal conditions, that is, if we were in a bear market, but it is very low compared to a rising season, so we need to get used to calling these levels normal. Funding is falling sharply with incredible pressure from current levels. The decrease in funding is a positive because if funding continued to increase while the price was falling, we would say that they are longing like crazy with every decline, so it could continue to trigger sharp declines. There is no certainty in these, they are just a prediction based on experience, that is, based on the situations we have experienced before.
It's a little weird for people to show positive things in a time when most people are afraid, but I say what I see and I don't make it up. The uptrend will not be broken even if the price reaches 55K, but if it continues to stay above 63K or 60K, bitcoin will be much better. In today's crash, the subordinates were not very affected at first, but later they started to tumble. This kind of decline in the bottom season for the bottom season is a kind of positive, dear whales do not like fomo, they like to take fear, so it would not be surprising if the bottoms come back strong from here. I'm a spotter, I don't have any problems. Those who are spotters don't have a problem. They say people are right, there is no rush. I say wait for a profit or a loss, but don't miss the rises, and I close the subject. $BTC