$BTC #crypto #new $BTC liq/ positioning update

Long liqLevels: 173 | Short liqLevels: 519 (Δ: -346)

-> roughly 14b imbalance currently.

> clear short-side exposure overhead -> more at risk

largest single liq levels: 78.4k, 80k

> both >350m size

-> very heavy positioning.

distribution above 100m:

16 shorts vs 2 longs

> shorts still structurally at risk here, which is why my hedge remains open for now.

> overall thesis unchanged for me: mid-term I still lean lower -> way bigger exposed short

> but based on current liquidity distribution + positioning: market still has recovery / squeeze potential first.