Date: 19-10-2024

Technical Analysis:

Read charts like never before with Flow Chart Diagram .Stay tuned and watch the levels closely for any signs of a breakout or breakdown!

Both the Binance BTC/USDT Liquidation Map and Bitcoin Exchange Liquidation Map, offer critical insights into the potential price action and leverage liquidation pressure points in the Bitcoin market.

1ïžâƒŁ Binance $BTC /USDT Liquidation Map

Key Takeaways:

  • Current Price: $68,439 USDT

  • The chart is divided into two main zones:

    • Red Zone (Left): Represents Cumulative Long Liquidation Leverage.

    • Green Zone (Right): Represents Cumulative Short Liquidation Leverage.

Long Liquidations (Red Zone) Breakdown:

  • There is a significant concentration of long positions between the 64,000 USDT to 68,500 USDT range, particularly with 100x and 50x leveraged traders.

  • As the price approaches 68,439 USDT, the pressure increases to liquidate these long positions, which can result in forced selling and a potential price drop.

Short Liquidations (Green Zone) Breakdown:

  • On the right side, short positions become highly concentrated from 70,000 USDT to 72,000 USDT.

  • If the price pushes above 69,500 USDT, it could trigger short liquidations, causing a rapid upward price movement due to the forced buybacks from liquidated shorts.

🔼 Prediction:

  • If Bitcoin's price continues hovering around 68,439 USDT, a sudden shift in liquidity could push the price either way.

  • Bearish Outlook: If the price dips below 67,000 USDT, we might see a cascade of long liquidations, pulling BTC towards 65,000 USDT.

  • Bullish Outlook: Should the price break above 69,500 USDT, the shorts will face pressure, likely causing a rally to 72,000 USDT or even higher.

2ïžâƒŁ Bitcoin Exchange Liquidation Map (Binance, OKX, Bybit)

Key Takeaways:

  • The second chart includes data from multiple exchanges (Binance, OKX, Bybit), and offers a broader market perspective.

Long Liquidations (Red Zone):

  • Similar to the Binance-specific chart, a large number of long liquidations are clustered between 65,000 USDT and 68,500 USDT.

  • These long traders, many of them highly leveraged, are sitting at a dangerous price point, where any dip below 67,000 USDT could result in rapid forced selling.

Short Liquidations (Green Zone):

  • Short liquidations are heavily concentrated from 69,500 USDT to 72,000 USDT.

  • If BTC breaks above 69,500 USDT, this will likely cause short squeezes, as the shorts will be forced to buy back their positions, potentially pushing the price past 72,000 USDT.

📉 Bullish vs Bearish Battle:

  • The area between 68,000 USDT and 69,500 USDT is the most critical range. A breakout in either direction will trigger significant liquidation events, whether it’s long or short.

🧠 Insights:

  • Bullish Scenario: If Bitcoin breaks the 72,000 USDT resistance, it will likely result in massive short liquidations across exchanges, potentially pushing prices to 75,000 USDT or even higher.

  • Bearish Scenario: On the downside, a drop below 67,000 USDT will trigger long liquidations, sending BTC to 65,000 USDT or lower.

📈 Short-Term and Long-Term Predictions:

  • Short-Term Bullish Target: 72,000 USDT (triggering a short squeeze).

  • Short-Term Bearish Target: 65,000 USDT (if long liquidation spikes).

  • Long-Term Bullish Target: If BTC breaks above 80,000 USDT, we could see an extended bull run, possibly pushing towards 100,000 USDT by 2024. 🌕

  • Long-Term Bearish Target: Breaking below 60,000 USDT could signal the start of a deeper correction, potentially driving prices back towards the 55,000-50,000 USDT range.

đŸ”„ Conclusion & Predictions:

  • Critical Zone: The 68,000 - 69,500 USDT range is the make-or-break level for both bulls and bears.

  • Bullish Outlook: If BTC climbs past 69,500 USDT, expect a surge toward 72,000 - 75,000 USDT driven by short liquidations.

  • Bearish Outlook: If BTC falls below 67,000 USDT, we could see significant long liquidations, pushing the price toward 65,000 USDT and lower.

Both maps suggest that we are at a tipping point, and whichever side gets liquidated first will determine the next major move in Bitcoin. Stay cautious and watch for any breakouts from this key $68,000 - $69,500 zone.



Disclaimer: The content of this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and may lead to substantial financial loss. Always perform your own research and consult a qualified financial advisor before making any investment decisions. The opinions expressed are solely those of the author and do not represent the views of the publisher or its affiliates. Investing in cryptocurrencies involves inherent risks, and past performance is not a reliable indicator of future results. Please exercise caution.