**Bitcoin price fluctuates, liquidation intensity attracts attention**
BlockBeats news, October 2, according to Coinglass data, the Bitcoin market has been changing recently, and price fluctuations have attracted widespread attention in the market. According to the data, if the Bitcoin price breaks through $63,000, the cumulative short order liquidation intensity of mainstream CEX (centralized exchanges) will reach $1.015 billion; conversely, if the Bitcoin price falls below $60,000, the cumulative long order liquidation intensity of mainstream CEX will reach $689 million.
**The secret of the liquidation chart**
Here, we need to explain the meaning of the liquidation chart in particular. BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts to be liquidated. The columns on the liquidation chart show the importance of each liquidation cluster relative to the adjacent liquidation clusters, that is, the strength.
Simply put, the liquidation chart shows how much the market will be affected when the underlying price reaches a certain position. A higher "liquidation column" means that after the price reaches that position, the market will react more strongly to the liquidity wave.
**Market neutral attitude**
There are different voices in the market about the future trend of Bitcoin prices. Some believe that Bitcoin will continue to rise and break through the $63,000 mark; others are cautious and believe that Bitcoin may fall below $60,000. In either case, the data on liquidation intensity provides important reference information for investors.
**Interactive communication**
Dear readers, what do you think about the future trend of Bitcoin? Is it bullish or bearish? Welcome to share your views and insights in the comment area and discuss this volatile market with everyone! 📈
**Opinion**
From a personal perspective, the volatility of the Bitcoin market has always been one of the important reasons why it attracts investors. Whether the price rises or falls, the market is always full of opportunities and challenges. For investors, understanding data such as liquidation intensity can help better grasp market dynamics and make more rational investment decisions.
**Summary**
In general, price volatility and liquidation intensity in the Bitcoin market are two important indicators that investors need to pay close attention to.By analyzing these data, investors can better understand the potential risks and opportunities in the market. I hope everyone can remain rational and make wise decisions during the investment process.
Looking forward to seeing everyone's wonderful discussions in the comment section!
