Quick setting
The use of a liquidation chart as a tool to understand investor leverage has been effectively demonstrated by Coinglass. This approach consists of plotting the liquidation levels in correlation with the price of Bitcoin.
There is a large group of potential liquidations that stand out just below the $30,000 benchmark, stretching up to $29,000. What is particularly remarkable about these liquidation levels is the intense level of leverage used, which can reach 50 to 100 times.
When we shift our focus above the $30,000 level, we see a marked shortage of liquidation points until we hit $31,400. It is important to clarify that this data corresponds to the BTC/USDT pair on the Binance platform.
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