Bitcoin's price fluctuations can lead to significant order liquidations on centralized exchanges, as Coinglass data shows.

Bitcoin Price: Liquidation Levels

If Bitcoin reaches $69,000, the short order liquidation intensity could reach $101 million. Falling below $68,000, the long order liquidation density may rise to $293 million. The liquidation table indicates relative importance, not exact contract numbers.

Recent Hourly Liquidation Data

Coinglass unveiled liquidation data for the entire cryptocurrency market:

- 1 Hour: $4.62 million liquidated, $3.94 million in long orders and $680,000 in short orders. - 4 Hours: $9.21 million liquidated, with $6.32 million in longs and $2.89 million in shorts. - 12 Hours: $26.29 million liquidated, including $18.62 million in longs and $7.67 million in shorts. - 24 Hours: $60.59 million liquidated, with $31.31 million in longs and $29.28 million in shorts.

Data Analysis and Market Reaction Probabilities

The Coinglass liquidation table highlights key clusters, allowing market participants to anticipate possible liquidation waves. A higher liquidation bar implies a likely stronger market reaction at that price level.

Coinglass data affirms Bitcoin's price shifts have significant impacts on order liquidations, underscoring the importance of these dynamics for market participants.