#UNI está showing a very aggressive cleanup of leveraged long positions.
The price fell from the 3.61 USD area, successively broke through large liquidation concentrations, and ended up attacking the lower block around 3,167 USD. It is currently trading near 3,20 USD, just above that level.
What’s interesting about the Heatmap is everything that was left behind: during the drop, important long pools around 3,615 USD and 3,395 USD disappeared, indicating that a large portion of those leveraged positions have already been liquidated.
Now the immediate focus is on 3,167 USD. If the price breaks back below that zone, more liquidation levels still appear further down. If it bounces, the map shows how much leverage has just been wiped out during this move.
A good example of how a liquidation cascade can accompany and accelerate a move.
🔗 tradingdifferent.com/es/dashboard/liquidation-heatmap?code=binance-square
#UNI
The price fell from the 3.61 USD area, successively broke through large liquidation concentrations, and ended up attacking the lower block around 3,167 USD. It is currently trading near 3,20 USD, just above that level.
What’s interesting about the Heatmap is everything that was left behind: during the drop, important long pools around 3,615 USD and 3,395 USD disappeared, indicating that a large portion of those leveraged positions have already been liquidated.
Now the immediate focus is on 3,167 USD. If the price breaks back below that zone, more liquidation levels still appear further down. If it bounces, the map shows how much leverage has just been wiped out during this move.
A good example of how a liquidation cascade can accompany and accelerate a move.
🔗 tradingdifferent.com/es/dashboard/liquidation-heatmap?code=binance-square
#UNI