$CKB
๐ #CKBUSDT On-Chain Analysis & Liquidation Heatmap
Overview ๐ฅ
๐ Trend Insight: Bearish Behavior Detected! ๐ป
๐ Liquidation Heatmap Highlights:
Noticeable liquidation events at higher price levels.
Consistent selling pressure visible in recent price action.
๐น Open Interest Decline:
A drop from ๐ฐ 4.4 billion to 3.5 billion indicates waning confidence.
Suggests traders are closing positions, possibly anticipating further declines.
๐ง What Does This Mean?:
Traders, brace for potential downtrends!
๐จLower open interest โก๏ธ decreased market liquidity โก๏ธ increased volatility.
๐ Key Levels to Watch:
Support zones where heavy liquidations occurred might not hold if tested again.
Beware of false bounces; they may lead to strategic exits, not reversals.
โจ Pro Tip: Stay vigilant, manage risks and DCA
๐ก๏ธ Remember, always do your own research and consider your investment horizon and risk tolerance. Stay tuned for more updates! ๐
