How does one interpret this?
Discussion
What do you mean? BTC hits 75k and a bunch of people get their short positions liquidated.
Idiots...
Just stack and chill
The more yellow the lines are, the higher the value of liquidations that exist at those positions. It is one of the ways people try and predict where the price action could go.
There are many of these liquidation levels below too, so it is a matter of guessing which liquidations will be sought after first, since trading is ultimately a game of liquidity, and why margin trading is so risky.