This chart is an updated version of the $BTC liquidation heatmap on #HyperLiquid. It visualizes the cumulative liquidation levels of leveraged long (bullish, red line) and short (bearish, green line) positions, comparing them to historical #Bitcoin prices. - Red Line (Cumulative Long Liquidation Leverage): Starting at a high on the left (around 2,500 at $93,000), it declines sharply on the right, approaching 0 around $105,000-106,000. This indicates a decrease in long risk: as the price rises, long positions are liquidated (or closed at profit), reducing the accumulated "downward pressure." This is a bullish signal, typical of a rally with profits for longs and losses for shorts. - Green Line (Cumulative Short Liquidation Leverage): Starting at a low (around 0 at $93,000), it gradually rises, accelerating from around $105,000, and peaking above $109,000 at around $1,000-1,500. This indicates increasing short-term risk: the higher the price, the more vulnerable leveraged shorts become, potentially leading to a "short squeeze" (forced buying that pushes prices higher). The overall trend is strongly bullish. 🚀 Long leverage is nearly exhausted (low downside risk), while short leverage is accumulating (high upside risk). The current price ($109,000) is in a "safe" zone for longs, but close to a potential catalyst.