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Long labor day weekend leads to degen liquidation accumulation. bitcoin:native longs getting unwind, but there are still some left. Short term MAX PAIN remains, Longs 78K and Shorts 82K.
14,021 views • 1 month ago •via X (Twitter)
13 Comments

People can relax For one extra day wtf lol

Our Hyperliquid map: $46M of longs to your 78K, $66M of shorts to your 82K, 1.4x heavier. Biggest single step: $25M of shorts at 80,564. Max pain leans up. Settles at whichever prints first

Weekend liquidity is where retail goes to donate. Longs unwinding into thin books is a feature not a bug, market makers need that fuel. Max pain between 78K and 82K sounds about right, $BTC loves to punish both sides before picking a direction.

are we going to the moon yet?

Hey @seth_fin ,Can you also update us with BTC OB?

Bist du nicht der Typ der Ende letzten Jahres seinen followern erzählt hat der Bullenmarkt geht bis q1 26?

Volatility really ramps up whenever the weekend hits.

Every long on that map is borrowed money the exchange can force-sell. Cash buyers can't be liquidated at 78K or anywhere else, so cascades like this just move coins from borrowers to owners.

Two different books, same fence. Your 82K short cluster is exactly where the options call wall sits: $46.3M of net dealer gamma per 1% at 82,000, the heaviest strike on the board. Your 78K downside, our put wall 77,000. Own snapshot of the full Deribit chain, 11:06 UTC.

thanks to update

Man you totally called that liquidation event like it was nothing, what are you seeing for the next big move?

Max pain 78k vs 82k is such a clean setup. which way you leaning? 👀

Yellow is slow melting
