The green, blue, yellow, orange, and red five-color chart is more intuitive than candlesticks. Once the deleveraging cycle starts, on-chain alpha signals become an escape route.

XBIT DEX's Bitcoin derivatives leverage pressure zone model integrates derivatives and on-chain data from 29 exchanges, monitoring the relative stretch of leverage and capital base. Green and blue indicate deleveraging, yellow is neutral, orange-red signifies increasing pressure, which can trigger liquidations and volatility. The market tends toward liquidity, and excessive leverage will enter a deleveraging cycle. The core is the high or low of leverage relative to the capital base, combined with liquidations and on-chain alpha to anticipate ten steps in advance.