📊 The liquidation map is showing that the Bitcoin derivatives market is being squeezed between two key price levels:
- If BTC hits 90,000 USD, more than $11 billion worth of short orders will be liquidated
- Conversely, if BTC falls below 50,000 USD, nearly $25 billion worth of long orders will be liquidated
⛓️ In particular, BTC’s open interest (the total value of outstanding derivatives contracts) is currently around $25.35 billion, close to the $25.7 billion peak from August, and the funding rate is still positive. This suggests that the leverage tilted toward the long side hasn’t been cleared out yet.
🐳 From the chart, it looks like the lower “sweet spot” is twice as tempting as the upper one in the eyes of the whales, and I just feel like the long side is the one getting exposed the most if there’s a reverse jerk.
But hey—“We’ll know next time!”"
#vuvanvo$ #crypto #bitcoin
- If BTC hits 90,000 USD, more than $11 billion worth of short orders will be liquidated
- Conversely, if BTC falls below 50,000 USD, nearly $25 billion worth of long orders will be liquidated
⛓️ In particular, BTC’s open interest (the total value of outstanding derivatives contracts) is currently around $25.35 billion, close to the $25.7 billion peak from August, and the funding rate is still positive. This suggests that the leverage tilted toward the long side hasn’t been cleared out yet.
🐳 From the chart, it looks like the lower “sweet spot” is twice as tempting as the upper one in the eyes of the whales, and I just feel like the long side is the one getting exposed the most if there’s a reverse jerk.
But hey—“We’ll know next time!”"
#vuvanvo$ #crypto #bitcoin
