Bitcoin’s price fluctuations between $65,000 and $67,000 could lead to significant liquidations worth hundreds of millions on mainstream crypto exchanges, according to recent data.
BlockBeats, citing Coinglass data on September 28, reports that if Bitcoin falls below $65,000, the cumulative long order liquidation intensity on major centralized exchanges (CEX) will reach approximately $636 million. Conversely, if Bitcoin surpasses $67,000, the cumulative short order liquidation intensity is expected to hit around $953 million.
The Coinglass liquidation chart provides insights into how price movements can impact the market, though it does not specify the exact number or value of contracts to be liquidated. Instead, it highlights the relative importance of liquidation clusters, indicating the potential impact on prices when certain levels are reached. A higher “liquidation bar” signals that the price will react more strongly to the corresponding liquidity wave, suggesting increased volatility and potential market turbulence.
These figures highlight the delicate balance in the crypto market, where even slight price changes can lead to significant liquidations, affecting market stability. Investors are closely watching these key price thresholds as they could trigger substantial market moves in either direction.
