The two charts below show the past 6 days of aggregate BTC long and short liquidations every hour. One thing to note, which shouldn't be a surprise given how negative funding has been, is that even as price has drifted lower, there have been more short liquidations than longs. Two ways to interpret this: 1. Market is much more short than long here and max pain is to squeeze them higher. 2. There's more long liquidity lower, likely $29k - $30k, since we haven't raided those longs yet.   
View original →
