Extremely unbalanced, wait for spot confirmation before acting

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CryptoZeno
$BTC positioning & liq hitting extremes

We took out the largest HTF liquidity cluster on 3m aggregation

Positioning is getting extreme:

> Long liqLevels: 103 I Short liqLevels: 856
Δ: -753 (~$30B imbalance)

Historically, we rarely see imbalances of this magnitude without eventually getting a meaningful counter-move.
-> (usually >20b is a preindication)

The issue:
> Perps keep trying to catch the bottom while spot continues selling aggressively.
> From a liquidity and positioning perspective, the door is wide open for a violent squeeze higher.

But squeezes need flows.

Until I see:
> structural confirmation
> aggressive, onholding spot buying

I’m not interested in forcing another hedge long.

Without those ingredients, this can easily continue lower -> 58k already gathering more liq, could be the next point to be hit if flows dont step in

Capital preservation > prediction
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