$BTC This part is too fat now.

70k has 15.1 billion longs liquidated.
Above 90k, only 2.9 billion shorts.
The gap is more than 5 times.
Will market makers let it go? 😏
The 30-day liquidation chart is now very straightforward.
Near 90k above,
short liquidations are about 2.9 billion.
Near 70k below,
long liquidations pile up to 15.1 billion.
This gap is too exaggerated.
Where does the market like to go?
It’s not where everyone hopes it will go,
but where the most money is.
Right now, the money is clearly below.
This doesn’t mean BTC will immediately crash to 70k.
But it shows one thing:
The liquidity below,
will eventually be repeatedly brought up by the market.
Especially now that the price is high,
many people are starting to chase longs,
leverage is piling up more and more.
The more it rises, the bigger the liquidation pool below might become.
So the real aggressive move could be:
first keep grinding upward,
making more people believe in a breakout,
then turn back and sweep down.
The most annoying part of this kind of market is,
it doesn’t necessarily pay off immediately.
But as long as that 15.1 billion below is still there,
it’s very hard for the market to completely ignore it.
Do you think this wave of BTC will continue to squeeze out liquidity first, or will it eventually turn back to collect that big liquidity at 70k? 👀$BTC ‌#Gate广场五月交易分享