How high will 11000 liquidated shorter BTC send us with such a small orderbook?
Why do you think they will liquidate?
Cause the ones that have open short position will have to close them it if we should go near 500$, or they would get squeezed because their required margin would probably no longer suffice. I assume most of them the open shorts were made around or below 500$.
We saw that the last time when we had the large candle to 710$,during that time the market was also heavily shorted, i donīt have the exact numbers. But 11,197 BTC liquidated(or say 60% of it) in combination with such a small ask side, would sent the price easily 100-150$. up.
Of course the price can likely crash afterwards again.
If one whale buys now 3000BTC with an market order, al lot of stop loss would get triggered and so he could resell those 3000 for much higher price.