Binance 1 week Liquidation HeatMap tells the story https://t.co/9zM1reZ4XJ
Binance 1 week Liquidation HeatMap tells the story https://t.co/9zM1reZ4XJ
JUST IN: $1.7 TRILLION FRANKLIN TEMPLETON EXECUTIVE GOES FULL BULL ON CNBC
#BITCOIN "LETS YOU PUT PRIVATE PROPERTY ON THE INTERNET FOR THE FIRST TIME IN HISTORY"
"AI AND CRYPTO ARE GOING TO ACCELERATE EACH OTHER"
"I AM BULLISH" ON BTC
BIG MONEY IS WAKING UP 🚀 https://t.co/AqFzoTrFnv
The liquidation heatmaps are starting to tell us something very important .
On the 1-month heatmap, there’s still a huge amount of liquidity sitting around $50,000, while another major cluster remains overhead between $70,000-$80,000.
On the 1-week heatmap, Bitcoin came close to sweeping the liquidity around $57,000, but never quite reached it.
The 48-hour heatmap shows liquidity continuing to build underneath the current price, while much of the nearby liquidity above has already been tested.
Then, on the 24-hour heatmap, every push higher has encouraged more leveraged longs to enter the market, creating an even larger liquidation zone below price.
That’s the important part.
These heatmaps aren’t directional.
They simply show where the liquidity is sitting.
When you combine them with funding, open interest, spot flows and positioning, they tell a much bigger story.
Right now, I still don’t see convincing evidence of aggressive spot accumulation.
Until that changes, I continue to view these rallies as opportunities rather than confirmation that the market has reversed.
Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.