On September 25, Coinglass data, reported by COINOTAG, indicates significant liquidation strengths tied to Bitcoin’s price movements. Should Bitcoin decline below $63,000, the cumulative liquidation strength of mainstream CEX long orders is projected to hit 980 million. Conversely, if Bitcoin ascends past $65,000, the cumulative liquidation strength of mainstream CEX short orders could reach 419 million. It is important to understand that the liquidation chart does not provide exact figures for contracts or their values. Instead, it illustrates the significance of each liquidation cluster compared to neighboring clusters, effectively measuring the impact. A higher “liquidation column” on this chart indicates a stronger market reaction to corresponding liquidity changes, revealing the underlying price sensitivity at specific thresholds.
Source: https://en.coinotag.com/breakingnews/bitcoin-at-critical-juncture-potential-980m-liquidation-below-63k-419m-above-65k/