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Majorie Margison J8cW
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Majorie Margison J8cW
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Binance
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This is the #Binance $BTC / USDT Liquidation Heatmap What this showing us? It's showing us the positions that the traders take in the market. Positions = Liquidity As we can see there is a lot of liquidity in the area around 71k$ and much less downwards. Up to about 72k$ there are several billion dollars in leverage positions and this only in #BTC futures on Binance. What can we expect now? THAT LIQUIDITY WILL BE TAKEN. We see the price skyrocketing as it's doing to take liquidity but there will be a possible squeeze and see the price reverse the direction (in the short term) to download downwards. OR keep going up and get closer to the ATH #Bitcoin
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