**Bitcoin price fluctuates, liquidation intensity draws attention**
BlockBeats news, on September 26, according to Coinglass data, the recent volatility of the Bitcoin market has attracted widespread attention. According to the data, if the Bitcoin price breaks through $65,000, the cumulative short order liquidation intensity of mainstream CEX (centralized exchanges) will reach $296 million. Conversely, if the Bitcoin price falls below $62,000, the cumulative long order liquidation intensity will reach $393 million.
So, what is a liquidation chart? BlockBeats reminds everyone that 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 liquidation intensity.
Simply put, the liquidation chart shows how much the market will be affected when the Bitcoin price reaches a certain position. A higher "liquidation column" means that the price will react more strongly to the liquidity wave after it reaches that point.
What do these data mean for investors? If the price of Bitcoin breaks through $65,000, a large number of short orders in the market will be liquidated, which may trigger a wave of rising prices. Similarly, if the price of Bitcoin falls below $62,000, a large number of long orders may be liquidated, which may cause the market to fall further.
Of course, these data are just a reference, and the actual trend of the market will be affected by many factors. Investors still need to carefully consider various risk factors when making decisions.
For enthusiasts of the blockchain and cryptocurrency industry, this is undoubtedly a dynamic worth paying attention to. Do you think the price of Bitcoin will break through $65,000 or fall below $62,000? Welcome to share your views and predictions in the comment section, let us explore this market full of variables together! 📈
Whether you are bullish or bearish, maintaining rational investment and doing a good job of risk management is the long-term way. Looking forward to seeing everyone's wonderful discussions in the comment section!