Not quite. Coinglass isn’t the full market liquidity's spread across many exchanges. As price moves, new sell orders fill in fast, and big players don’t hit market buys.
If BTC’s around $115K and someone market buys 3,000 BTC (~$345M), it might move a few percent or tens of thousands, but nowhere near $200K. You’d need way more buying across all exchanges for the market to really ignite.