Coinglass: Bitcoin Break Above $124,000 Could Trigger $1.304B Short Liquidations; Drop Below $121,000 Risks $525M Long Liquidations

COINOTAG, citing Coinglass data, reports that a move above $124,000 in Bitcoin corresponds to a projected cumulative short liquidation intensity of approximately $1.304 billion across mainstream CEXs, while a decline beneath $121,000 aligns with an estimated cumulative long liquidation intensity near $525 million. The underlying liquidation chart represents relative intensity of liquidation clusters rather than the exact number of contracts or definitive contract values, so bars indicate the potential market impact at specific price levels. Market participants should interpret these metrics as indicators of where concentrated liquidity and potential liquidity cascades may amplify price moves, rather than precise liquidation counts.