Amr Taha
BTC long/short liquidation delta
* The black line represents the net value of long versus short positions. If it's positive, there are more long positions; if negative, shorts dominate. * Notable spikes in liquidated long or short positions may signal changes in market sentiment (retail investors compelled to close long or short positions at unfavorable prices). *The chart highlights areas where the long/short delta was notably high. For instance, a figure near 63.8k signifies -$664M substantial short positions were liquidated. From what I can infer, a massive shorting liquidation event occurred near $63.8K, with a delta exceeding -$664M. Such sharp spikes often indicate significant market sentiment shifts, possibly triggering a correction.