COINOTAG reports, based on Coinglass data dated September 27, that if Bitcoin exceeds $67,000, the total short order liquidation volume across major Centralized Exchanges (CEX) will hit $1.36 billion. In contrast, should Bitcoin dip below $62,000, the long order liquidation volume will swell to $2.078 billion. It is important to clarify that the liquidation chart does not specify the precise number or value of the contracts to be liquidated. Instead, the chart illustrates the relative significance of each liquidation cluster compared to adjacent clusters, highlighting their impact. Therefore, a more prominent “liquidation column” indicates a more substantial market response once the liquidity wave reaches the specified price point.
Source: https://en.coinotag.com/breakingnews/bitcoin-price-movements-potential-67000-surge-or-62000-drop-to-trigger-billion-dollar-liquidations/