According to BlockBeats, data from Coinglass on September 26 indicates that if Bitcoin surpasses $65,000, the cumulative liquidation intensity of short positions on major centralized exchanges (CEX) will reach $296 million.
Conversely, if Bitcoin falls below $62,000, the cumulative liquidation intensity of long positions on major CEX will reach $393 million.
BlockBeats notes that the liquidation chart does not display the exact number of contracts pending liquidation or the precise value of liquidated contracts. Instead, the bars on the chart represent the relative importance of each liquidation cluster compared to adjacent clusters, indicating intensity.
Therefore, the liquidation chart illustrates the extent to which the target price reaching a certain level will be affected. Higher 'liquidation bars' suggest that once the price reaches that level, there will be a stronger reaction due to the liquidity wave.
