According to data from Coinglass reported by BlockBeats on September 24, if Bitcoin breaks through $65,000, the cumulative short order liquidation intensity on mainstream centralized exchanges (CEX) could soar to $1.597 billion. This potential surge in liquidations signals strong market reactions as traders adjust their positions.
Conversely, should Bitcoin fall below $61,000, the cumulative long order liquidation intensity may reach $1.136 billion.
It’s important to note that the liquidation chart does not specify the exact number or value of contracts that will be liquidated. Instead, it illustrates the significance of each liquidation cluster relative to adjacent clusters, indicating the strength of price reactions.
A higher “liquidation column” on the chart signifies that the price is likely to experience stronger reactions due to liquidity waves once it reaches these critical levels. Traders should remain alert to these thresholds as they navigate the volatile landscape of Bitcoin trading.
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