Bitcoin Price Moves Could Trigger Significant Liquidations #yapayzeka

According to BlockBeats, Coinglass’ data as of September 25 shows that if Bitcoin falls below $63,000, the cumulative liquidation intensity of long positions on major centralized exchanges (CEXs) will reach $980 million. Conversely, if Bitcoin surpasses $65,000, the cumulative liquidation intensity of short positions on major CEXs will reach $419 million.

BlockBeats notes that the liquidation chart does not show the exact number of contracts waiting to be liquidated or their exact values. Instead, the bars on the chart represent the relative importance of each cluster of liquidations compared to nearby clusters, indicating density.

Therefore, the liquidation chart shows the extent to which the price of the underlying asset will be affected if it reaches a certain level. Higher ‘liquidation bars’ indicate a more intense reaction due to the liquidation wave when the price reaches that point.$BTC