Market on September 26, 2024, the shorts are in danger of a very heavy liquidation risk. According to data from hyblockcapital - LLD has returned to equilibrium even though the current price fluctuation of $BTC is very small, showing that MMs have successfully steered the market from long fomo to short even though the price has not shown any signs of adjustment
We can consider this an important signal for building liquidity because usually in other resistance or support areas
balancing the two long and short sides is necessary for the medium-term price driving plan when the amount to be paid to the two sides must always be at a minimum level to avoid budget losses during the price driving process
Let's go deeper into the analysis of the liquidation price of the two long and short sides in the market from Liquidation heatmap
We can see that the current price is approaching very close to the liquidation level of the long side, showing that the liquidation sweep is taking place, explaining the behavior of investors when they start to turn short and continue to place SL above the 65k area
(In general is to go anywhere will sweep both ends because the liquidity is currently balanced)
