This is a heatmap for $BTC /USDT liquidations on Binance (Perpetual Futures) over the past 24 hours. Below is a breakdown of the key information:
Key Elements in the Heatmap:
1. Price Levels (Y-axis):
The vertical axis represents Bitcoin prices, ranging from 90,000 to 100,624.
Liquidation clusters (horizontal bands) show where leveraged positions were liquidated.
2. Time (X-axis):
The horizontal axis indicates time over the past 24 hours.
Activity increases are visible in specific time intervals, correlated with price movements.
3. Color Intensity:
Green to Yellow Zones: High liquidation activity.
Purple Zones: Lower liquidation activity.
4. Leverage Data:
Higher leverage zones (with brighter colors) indicate significant risk positions being liquidated.
This data reflects the accumulation of traders' stop-losses and forced liquidations.
Insights:
1. Price Climbing:
The chart shows $BTC price moving from approximately $92,000 to $96,000 and above.
Liquidations concentrated between $94,000 and $96,000 suggest aggressive long liquidations in response to volatile price movements.
2. Liquidity Zones:
Dense green-yellow lines indicate "liquidity pools" where stop-loss and liquidation orders triggered.
Market makers and high-frequency traders often target these zones.
3. Whale Movements:
Large spikes in activity suggest potential whale liquidations or manipulation during price surges.
Conclusion:
This chart is useful for traders to identify key liquidation points and adjust strategies.
High liquidation areas often signal market inefficiencies, which can provide trading opportunities for experienced participants.