Leveraged buyers in Bitcoin have their estimated liquidation levels bunched just under the price. With $BTC at $77,769 at 11:00 UTC on Oct 30, the nearest modeled long level is $76,685 and the largest long cluster sits close behind it at $76,402.
Short sellers' modeled levels start at $78,754, but their largest cluster sits further away at $80,071. That is where shorts would be forced to buy back if price reached it.
Within 3% of the price, modeled exposure is balanced between the two sides.
Short sellers' modeled levels start at $78,754, but their largest cluster sits further away at $80,071. That is where shorts would be forced to buy back if price reached it.
Within 3% of the price, modeled exposure is balanced between the two sides.
