๐งญ BITCOIN LEVERAGE LANDSCAPE โ PAST 7 DAYS
This Coinglass chart illustrates the distribution of unliquidated leveraged positions over the past 7 days โ meaning open Long and Short positions that could still be liquidated if price moves sharply. The current price is marked at ๐บ $118,823.
๐ WHAT DOES THE DATA SHOW?
๐น Red line: Total open Longs โ at risk if price drops
๐น Blue line: Total open Shorts โ at risk if price rises
๐น Vertical bars: Indicate leverage concentration by price zone (not positions that have already been liquidated)
๐ This is a risk heatmap โ identifying price zones where market volatility is more likely if BTC moves into them.
๐ฅ HIGH-RISK PRICE ZONES
๐ $115,000 โ $117,000: Large cluster of Short positions. If BTC pushes higher, a short squeeze is likely, which could fuel rapid upside.
๐ $120,000 โ $122,000: Concentrated Long positions. If price dips, this zone could trigger a liquidation cascade.
๐ Above $124,000: Leverage thins out โ Fewer obstacles to upward momentum if BTC breaks through.
๐ PRICE ACTION OUTLOOK
๐ป Below $118,823: Open Longs are mostly safe โ decent support region
๐บ Above $118,823: Many Shorts remain unliquidated โ further upside could trigger a wave of forced buying
๐ก TRADING TAKEAWAYS
โก๏ธ If price breaks above $121,000: Short squeeze scenario could drive aggressive upside
โก๏ธ If price falls below $117,000: Risk of Long liquidations and short-term selling pressure
โ ๏ธ KEY REMINDERS
๐ธ This chart does not reflect already-liquidated positions
๐ธ It highlights where open leverage is concentrated โ offering clues about zones that may "ignite" if tested
๐ Source: Coinglass โ real-time data
๐
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