Bitcoin Faces $411M Short Liquidation Surge Above $119K and $511M Long Liquidation Risk Below $116K on Major CEXs

On July 21, data from Coinglass reveals critical thresholds for Bitcoin’s price movements impacting liquidation volumes on major centralized exchanges (CEXs). Should Bitcoin surpass the $119,000 mark, the aggregate short liquidation intensity could escalate to approximately $411 million, signaling significant short-covering activity. Conversely, a decline below $116,000 may trigger long liquidation intensity nearing $511 million, reflecting substantial long position liquidations. It is important to note that the liquidation chart illustrates relative intensity rather than exact contract quantities or liquidation values. The visualized bars represent clusters of liquidation pressure, indicating how price levels correspond to liquidity waves. Higher bars denote stronger market reactions at those price points, emphasizing the potential volatility induced by liquidation cascades. This data provides valuable insight for traders monitoring risk exposure and market dynamics within the crypto derivatives landscape.