Bitcoin Price Triggers Massive Liquidations: $9.51 Billion in Short Liquidations if Bitcoin Breaks $60,000, $9.25 Billion in Long Liquidations if Bitcoin Falls Below $57,000

September 17th: According to Coinglass data, if Bitcoin reclaims $60,000, major centralized exchanges (CEXs) will see a total of $9.51 billion in short liquidations. Conversely, if Bitcoin drops below $57,000, the total amount of long liquidations on major CEXs will reach $9.25 billion.

Note: The liquidation chart does not display the precise number of contracts at risk or the exact value of liquidated contracts. The bars on the chart represent the relative importance, or strength, of each liquidation cluster compared to neighboring clusters. Therefore, the liquidation chart shows how much a specific price level will be affected. A higher "liquidation bar" indicates a stronger reaction due to liquidity waves when the price reaches that level.

In summary, the liquidation chart highlights the potential impact on the market when the price of Bitcoin reaches specific levels. A higher "liquidation bar" suggests that the price reaching that point will trigger a more intense response due to the influx of liquidity.