Here is what I am seeing.
🚨 Look at these liquidation numbers. Most coins are leaning heavily, but a few stand out. This is not for the faint of heart.
Some coins like $HBAR and $XLM have over 85% long liquidations. This tells me any upward movement will be hard-fought. Short covering might provide some relief, but the path of least resistance is down. You want to be on the right side of this.
Then there are coins like $PENGU and $ENA with huge short liquidation percentages over 64%. Smart money will use these as fuel for a squeeze. If these positions get flushed, watch for quick moves up.
$BTC is relatively balanced at 55.9% long vs. 44.1% short. That makes it more stable, but still a wild card in volatile market conditions.
Know where the liq points are. It gives you an edge. See it before it shows up on your P&L:
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