By applying Liquidity Decay to remove older liquidity and filtering for leverage (L1, L2, & L3), $JUP appears to be targeting high to medium leverage liquidity levels.

To filter leverage:

~ Open the heatmap settings in the top-right corner.
~ Select your preferred leverage level from L1, L2, L3, L4, or L5.

You're now set to explore insights into different leverage liquidity levels.