This image is a heatmap chart from Coinglass showing the liquidation levels and leverage in the BTC/USDT trading pair on Binance over a period of time (1 month). The X-axis represents the date and time, while the Y-axis represents the price levels of Bitcoin in USDT.
- **Heatmap Colors**: The varying colors on the chart represent the concentration of liquidation levels at different price points. Darker shades indicate lower liquidation levels, while brighter areas indicate higher liquidation levels.
- **Candlestick Chart**: Overlaid on the heatmap is a candlestick chart, which shows the price movements of Bitcoin over the same time period.
- **Highlighted Data Point**: The tooltip in the image shows a specific data point:
- **Date and Time**: August 21, 2024, at 02:00.
- **Price**: $70,310.17.
- **Liquidation Leverage**: 1.18 billion USDT.
This chart is likely used by traders to understand where large liquidations might occur, which can influence price movements.
