Currently, the long-side max pain sits at $112.7k, while the short-side max pain is at $121.6k with spot trading at $117.2k. This suggests the market is positioned in a fragile balance, where a downside move risks triggering long liquidations, while an upside break could fuel a short squeeze toward recent highs.
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Currently, the long-side max pain sits at $112.7k, while the short-side max pain is at $121.6k with spot trading at $117.2k. This suggests the market is positioned in a fragile balance, where a downside move risks triggering long liquidations, while an upside break could fuel a short squeeze toward recent highs.