COINOTAG News on October 9 cites Coinglass analytics showing that a breach of $124,000 for Bitcoin corresponds to a cumulative short liquidation intensity near $892 million across mainstream centralized exchanges; conversely, a slip beneath $121,000 aligns with roughly $829 million in cumulative long liquidation intensity.
The referenced liquidation chart reflects relative cluster intensity rather than exact contract counts or notional values, indicating how concentrated liquidity pockets may influence order flow and price reaction when those thresholds are reached.
Market participants should treat these levels as indicators of potential liquidity cascades and incorporate them into position sizing and risk management, while avoiding definitive price forecasts beyond the empirical data provided.