$CKB
🔍 #CKBUSDT On-Chain Analysis & Liquidation Heatmap
Overview 🔥
📉 Trend Insight: Bearish Behavior Detected! 🐻
📊 Liquidation Heatmap Highlights:
Noticeable liquidation events at higher price levels.
Consistent selling pressure visible in recent price action.
💹 Open Interest Decline:
A drop from 💰 4.4 billion to 3.5 billion indicates waning confidence.
Suggests traders are closing positions, possibly anticipating further declines.
🧐 What Does This Mean?:
Traders, brace for potential downtrends!
🚨Lower open interest ➡️ decreased market liquidity ➡️ increased volatility.
🛑 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.
✨ Pro Tip: Stay vigilant, manage risks and DCA
🛡️ Remember, always do your own research and consider your investment horizon and risk tolerance. Stay tuned for more updates! 🌐
