Bitcoin Liquidation Map Analysis: Key Scenarios for Today
Introduction
Based on Binance’s BTC/USDT perpetual liquidation map, today presents a critical juncture for Bitcoin, with a high probability of liquidations, particularly for short positions. The current price hovers around 104090 USD, and the data reveals interesting zones of liquidity to monitor.
What Does the Chart Show?
1. Current Price: BTC is trading at 104090 USD.
2. Short Liquidation Accumulation: A significant build-up of short liquidation leverage (green cumulative line) could trigger upward momentum. This pressure is notably concentrated between 106000 and 107000 USD.
3. High Liquidity Zone: The chart highlights a sharp peak in potential liquidations around 106038 USD. This level serves as a key resistance where many short positions are vulnerable (red accumulation).
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Potential Scenarios for the Day
1. Bullish Scenario – Short Squeeze
If BTC breaks above the critical 106038 USD threshold, a “short squeeze” could occur. In this scenario, liquidations force short sellers to cover their positions, leading to strong upward momentum.
The significant cumulative liquidation volume (over 50 million USD) suggests the market could react with high volatility if this level is breached.
2. Bearish Rejection – Price Pullback
Conversely, failure to surpass the 106000 USD mark could result in a pullback towards lower support levels around 100700 USD. This zone shows less liquidation buildup, suggesting relative price stability.
3. Sideways Action – Balance Zone
As long as BTC trades below 106000 USD, the market could consolidate sideways. Short liquidations dominate the chart, implying temporary bearish pressure until a breakout occurs.
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Conclusion: Key Levels to Monitor
Short Liquidation Resistance: 106038-107000 USD
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