BTC is about to explode with short positions.
The chart is a BTC liquidation level chart; what does it mean? It is divided into upper and lower parts. The upper part is where short positions are liquidated, and the lower part, naturally, is where long positions are liquidated. The denser the area, the more concentrated the liquidation zone; when the price reaches here, it means that the positions will be liquidated.
You will see that the current price (1-minute chart) is just below the concentrated liquidation zone for short positions with medium to high leverage. If the price pushes up a bit more, then a large number of low-level high and medium leverage short positions will be wiped out, meaning they will hit the liquidation price and be forcibly closed. Conversely, the same applies.
Therefore, the current market makers can easily pull the price up to the range [90000-91000], allowing a large number of medium to high leverage short positions to be liquidated before going down to catch medium to high leverage long positions. This can be said to be a method for market makers to maximize their profits.
So, the price continuously going up is not very realistic; it's very likely that after the price spikes up and harvests profits, it will start adjusting downwards, clearing the lower levels before potentially leading to a greater upward surge. $ETH
