This chart appears to be a heatmap showing liquidation levels over a 6-month period, likely representing large clusters of leveraged positions at various price levels. Here's a breakdown of what is displayed:
1. Time Axis (Bottom): The timeline runs from March 31, 2024, to September 26, 2024, showing significant price movements and liquidations during this period.
2. Price Levels (Right): Price levels range from approximately 43,145 USDT to 83,758 USDT, with key highlighted liquidation points in between.
3. Heatmap Colors:
The color intensity (ranging from dark blue to bright yellow/green) indicates the level of liquidation leverage.
Brighter areas show where there are high concentrations of liquidation orders, meaning a large volume of positions that could be closed when the price reaches these levels.
4. Highlighted Data Point (Label):
The data point at September 13, 2024, indicates a price of 72,375.07 USDT and shows 6.65 billion USDT in liquidation leverage at that price level.
The chart visualizes significant price zones that are likely targets for large liquidations based on leveraged positions. The yellow-green area shows a cluster of liquidations around the price of 72,375 USDT.
