This heatmap highlights $BTC D3 liquidations. It shows intense liquidation activity around $95,000 and $90,000, where many traders' leveraged positions were closed. The sharp drop in Bitcoin's price triggered these liquidations, amplifying market volatility. After the decline, the price stabilized, with liquidation activity diminishing. This indicates how leveraged trading contributed to recent price swings.
Personally, I think a sharp scam dump towards $90k zone is a possibility that would wipe out almost $600M in liquidities before it proceeds to attempt again breaking out the $100k mark to establish its new ATH.