This image shows the Binance $BTC /USDT liquidation map for perpetual futures, a visualization of the leverage levels where traders are at risk of liquidation. Here's a detailed breakdown:
Key Information:
1. Current Price (Highlighted):
The chart marks the current BTC/USDT price (around 93042).
A red dashed arrow points to significant liquidation zones near this price.
2. Leverage Levels:
Yellow Bars (100x Leverage): Represent high leverage, with substantial potential liquidations clustered around key price levels.
Orange Bars (50x Leverage): Moderate-risk leverage, with lower liquidation density than 100x.
Blue Bars (10x-25x Leverage): Safer leverage zones, spread more evenly but smaller in size.
3. Cumulative Liquidation Values (Curves):
Green Line: Cumulative short liquidations (selling pressure if prices increase).
Red Line: Cumulative long liquidations (buying pressure if prices decrease).
4. Cluster Zones:
High activity appears between 92174 and 93042. This suggests heavy liquidations occur near this range, with the possibility of rapid price movements if these levels are triggered.
5. Total Value:
On the left Y-axis, we see liquidation values in millions (up to 43.39M).
On the right Y-axis, cumulative leverage approaches 1 billion USDT, signaling substantial risk in the market.
Thrilling Insights:
Key Liquidation Risk Levels:
Below 93000: A significant portion of long traders face liquidation.
Above 93000: Shorts start being liquidated, likely creating upward momentum.
Market Impact:
If $BTC price touches these clusters, rapid liquidations could cascade and push the market strongly in one direction.
High Leverage Dominance: The prevalence of 100x leverage trades indicates that speculative traders dominate this range, increasing the chances of volatile moves.
This chart is a critical tool for predicting possible price surges or crashes based on liquidation levels, particularly for traders in leveraged derivatives.