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