HOW TO READ · LIQUIDATIONS

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Every line and number on the chart, in plain words a kid can follow. Same colors as the live page so you can spot each one without thinking.

BTC

Price · the blue line

This is what one coin costs right now. The blue line traces how it moved over the last day. The label on the right shows the current price. When it goes up, the line goes up. Easy.

1h MA

1h MA · the mint line

MA stands for Moving Average. This is the average price over the last hour. Think of it as the recent "normal" price. When the blue line is above the mint line, the price has been climbing lately. When it dips below, it's been falling.

4h MA

4h MA · the orange line

Same idea, but over 4 hours. Slower. When the price crosses below this line after being above it, that often means a bigger drop is starting. Traders pay close attention to which side of this line the price sits on.

PAIN

PAIN · the max pain price

This is the price where the most people lose money on their option bets when the trading week ends. Big traders sometimes "pull" the price toward this level on Fridays so most options expire worthless and they keep the money. Wild but true.

L PAINS PAIN

L PAIN and S PAIN · the pain zone

The fences around the pink PAIN line. L PAIN is about 2% below max pain, S PAIN is about 2% above. If the price stays inside this zone by Friday close, way more options expire worthless than not. L = long side, S = short side.

L25xL50xL100x

L25x · L50x · L100x · long liquidation prices

These are the prices where traders who borrowed money to bet the price would go UP get wiped out.

25x means they borrowed 25 dollars for every 1 they put in. 100x means a hundred dollars for every 1, extremely risky.

When the price drops to L100x, all those 100x leveraged buyers get force sold by the exchange. Those forced sells push the price down even faster. It can cascade.

S25xS50xS100x

S25x · S50x · S100x · short liquidation prices

Same idea but for traders betting the price would go DOWN (short sellers). If the price climbs to S100x, all those 100x shorts get force bought by the exchange. Those forced buys push the price even higher. Also a cascade. This is called a "short squeeze."

L $212.6M/S $11.7M24H

24h liquidations · the header L / S totals

Next to the asset ticker (BTC, ETH, SOL) you'll see two dollar numbers.

The L number is total dollars LOST in the last 24 hours by people who bet UP (longs).
The S number is total dollars lost by people who bet DOWN (shorts).

Big numbers on one side = the market just made a violent move against that side. Lots of pain. That's often where the next reversal starts.

Heads up. This page explains how the chart works. It is not financial advice. Borrowing money to trade crypto can wipe out your whole account in seconds. That's literally what the liquidation prices on the chart show happening to other people, every day.