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Why PENGU’s Liquidation Heatmap Could Drive a Short-Term Rally
Why PENGU’s Liquidation Heatmap Could Drive a Short-Term Rally
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BTCCSquare news:
Investor interest in PENGU is surging, with on-chain data signaling potential for continued upward momentum. A key liquidation cluster around $0.045 acts as a price magnet, likely drawing the meme coin higher as traders target stop-loss triggers.
Derivatives traders are increasingly bullish, evidenced by PENGU’s long/short ratio hitting a monthly high of 1.06. This metric reflects growing conviction that the rally has further room to run.
Liquidation heatmaps reveal zones where Leveraged positions cluster—bright yellow areas indicate heightened liquidation risk. When these form above current prices, they often catalyze short-term rallies as market participants exploit forced buy-side pressure.
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