Here's the key point of this BTC liquidation chart.
That green line? That's the current price. See those large red and orange bars on the left? Those are long liquidations at the current price. Smart investors are watching these levels.
The line on the right is short liquidations, but they're much smaller. This means most of the pain is currently concentrated on the long side. This is a shorter timeframe chart, called "optical_opti," which typically clears within a few days.
This chart shows where traders are overleveraged. It's a pain chart. Price tends to get sucked into these areas to liquidate positions. Use this data so you don't get disadvantaged by large swings.
Most traders will panic. You can predict that.
$BTC