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Each of the thirty Tissot indicatrices on this map stays a circle. Mercator is conformal, so at every point it stretches the map equally along the meridian and along the parallel. Only the size of the circles changes, and it depends on latitude alone. The circles on the equator have their true diameter, the ones at 30° are 15% wider, and at 60° the diameter has doubled and the area has grown fourfold. Longitude plays no part: a circle over the Pacific and one over Africa in the same row look identical.
Poland makes an easy test, because its center lies near 52°N. There Mercator stretches every length 1.6 times and enlarges area 2.6 times compared with the equator. Drag its outline to the equator and it covers less than 40% of its current map area. Move it to 72°, roughly the latitude of central Greenland, and the linear scale rises to 3.2 and the area factor to about 10.5, so Poland looks about four times larger than in its real place. Its shape stays the same, because angles remain true.
The area isocoles run as straight horizontal lines: double area at 45°, four times at 60°, eight times at about 69.5° and sixteen times at 76°. The area-distortion heatmap therefore changes color in bands parallel to the equator. The angular isocoles stay empty, because no angle on this map is distorted. Turn on the equator, tropics and polar circles as well: the band from the tropic to the polar circle is 2.7 times taller on the map than the band from the equator to the tropic, although in degrees of latitude it is only 1.8 times wider.
The center of Poland lies near 52°N. At that latitude Mercator stretches every length 1.6 times, so area grows 2.6 times compared with the equator. Drag the outline to the equator and it takes up less than 40% of its current area on the map.
Area is doubled at 45°, quadrupled at 60°, multiplied by eight at about 69.5° and by sixteen at 76°. That is why the area distortion layer on the Mercator map changes color in horizontal bands parallel to the equator.
Add a country to the map and drag its outline toward the equator. The move is a rotation on the globe, so the country keeps its true area and shape, and any change of its size on screen is the projection's own distortion.
Locally, yes: every Tissot ellipse stays a circle, because the projection is conformal. What fails is area, which depends on latitude alone. At 60° a circle has twice the diameter and four times the area.