According to an article on BlockBeats news, as of October 6th, Coinglass data indicates that if Bitcoin surpasses $63,000, mainstream CEX platforms could see a total of 155 million in short order liquidations. On the other hand, if Bitcoin drops below $61,000, mainstream CEX platforms could experience a total of 158 million in long order liquidations.
It’s important to note that the liquidation chart doesn’t provide exact numbers of contracts or their values, but rather gives a visual representation of the relative strength of each liquidation cluster in comparison to others. This helps show how the price may be impacted as it reaches different levels. A higher “liquidation bar” suggests that the price may react more strongly to future waves of liquidations.
For those interested in learning more, you can read the full article on BlockBeats’ website: [source](https://m.theblockbeats.info/news/265837).
