Alphractal’s Liquidation Heatmap Highlights a Structurally Asymmetric Derivatives Market - Tekedia

Alphractal’s liquidation heatmap shows Bitcoin’s derivatives market is heavily leveraged and vulnerable to sharp moves.

More than $9.35B in short liquidations sit above spot, while $12.73B in long liquidations lie below.

Binance shorts appear especially crowded, with key trigger levels around $80,889 and $83,914.

The setup raises the risk that Bitcoin’s next move could be driven more by forced liquidations than normal trading.