According to @CrypNuevo, current liquidation data reveals that liquidity is concentrated to the upside, particularly in the $119k-$120k cluster zone for BTC. The main liquidation levels are identified at $118.5k and $116.2k, suggesting these as key resistance points for traders. A price drop toward $110k would significantly increase delta liquidations and could trigger a strong short squeeze, potentially driving a rapid upward price movement. This information is crucial for traders seeking to capitalize on volatility and manage risk effectively in the current BTC market. Source: @CrypNuevo.