๐จ๐ฅ BTC HAS ALMOST $900M IN LIQUIDITY ABOVE ๐ณ๐
Iโm back, did you miss me?
๐ Listen up, fam, after a few days offline, I come back to find something pretty interesting on the liquidation map.
Donโt forget to follow me so you donโt miss anything.
And damn... the numbers arenโt small ๐ณ
๐ According to the data shared:
๐ฅ $1.83 TRILLION in liquidations
#crypto this week.
๐ฅ
$BTC has around $897M of liquidity stacked between $63K and $68K.
๐ฅ Below, between $60K and $62K, thereโs about $325M.
๐
#BTC is currently hovering around $62.5K.
๐ง THIS IS WHERE IT GETS INTERESTING
If this data is correct, the difference is massive:
๐บ Above: $897M
๐ป Below: $325M
๐ณ Weโre talking almost 3 times more liquidity to grab at the top.
And market makers usually have a sick obsession with pending liquidity ๐
๐ฅ WHAT DOES
#Heatmap SHOW
Thereโs a pretty strong concentration between:
๐ $63K ๐ $64K ๐ $65K ๐ $66K ๐ $67K ๐ $68K
Itโs basically a highway of liquidations over the current price.
๐ While there is concentration below, itโs significantly less.
โ ๏ธ WATCH OUT FOR SOMETHING
This DOES NOT mean BTC has to go up directly.
Market makers can easily:
๐ฉธ Sweep some longs first.
๐ฉธ Generate fear.
๐ฉธ Flush out leveraged traders from the market.
And then go for all that top liquidity.
Because in the end, liquidity is a magnet, not a calendar.
๐ณ WHAT MANY ARE NOT SEEING
BTC has come off a strong drop from 80K+
Many traders are still extremely bearish.
And when everyone expects a drop...
Thatโs when the most uncomfortable moves usually show up ๐ณ
๐ฅ IN SUMMARY
๐ $897M above.
๐ $325M below.
๐ BTC near $62.5K.
๐ The liquidity imbalance continues to favor the upper side.
๐ Do you think BTC will hit $68K first or will we still see one last shakeout before the big move? ๐๐ฅ๐๐ณ๐