Cryptocurrency Q&A
How to read BTC heatmap?
How to read BTC heatmap?
Sara
Wed Dec 04 2024
|
5 answers
1474
I'm trying to understand how to interpret a BTC heatmap. Could someone explain the process of reading and understanding this type of chart, including what the different colors and patterns might represent?
5 answers
KpopStarletShineBrightness
Fri Dec 06 2024
The colors range from purple to blue, which indicate the lowest potential for liquidations.
Was this helpful?
388
30
SamuraiWarrior
Fri Dec 06 2024
In the event of a significant drop in Bitcoin's value, a substantial amount of liquidation leverage could be available.
Was this helpful?
298
62
BusanBeautyBloomingStarShine
Fri Dec 06 2024
Specifically, if Bitcoin were to fall to a certain level, nearly $180 million worth of liquidation leverage would be on the line.
Was this helpful?
316
93
henry_rose_scientist
Fri Dec 06 2024
To better understand the situation, it's helpful to know the color codes on the liquidation heatmap.
Was this helpful?
114
78
Valentina
Thu Dec 05 2024
As the colors shift from blue to green, the potential for liquidations increases to a medium level.
Was this helpful?
358
59
