Bitcoin’s bounce from the local bottom is being fueled by massive liquidations.
We’re seeing **billions wiped out** - not millions!
Shorts getting squeezed hard.
#btc $btc
First shorts got wiped, now longs -> $1.6M liquidation.
Also seeing massive walls (~$1.3B) shifting with price.
They’re not getting filled, just moving.
Algo liquidity? Market making?
#bitcoin
Bitcoin liquidation events always look painful.
A trader was just liquidated for $6M in a single position.
Leverage in crypto doesn’t forgive mistakes.
#Btc#Crypto#Trading#Liquidation
Auch! Did you saw this big pump? Yeah that's was about to liquidate big pos. look at this 🫣
The situation changes dynamically, so it is best to have tools that refresh in real time
@seth_fin It's amazing how they liquidate people's positions, the stock exchanges are a big casino.
Whoever has access to tools that "can do more" has an advantage on the market
Once the chart is properly optimized, we'll start working on new features, such as:
- whale buy/sell positions (such offers can lock in the price, known as local lows or highs).
We want to create a tool that will have most of the tools supporting a trader.
Red circles are like a price magnet, especially if they are very close.
PS.
I can already see that this will be a powerful tool for traders.
Let's finish it first 😄
Another fix and optimization of the page. Clusters now show positions at the front where execution or stop-loss can be performed.
#btc#eth#bitcoin#TradingTips
The price is built on the basis of constantly added new items and may change, but undoubtedly the items that are huge will act like a magnet and the price will follow there sooner or later