Bitcoin Liquidation Alert: Coinglass Warns $591M of Longs at Risk Below $117K and $599M of Shorts Above $120K on Major CEXs

According to Coinglass data cited by COINOTAG on October 11, the current map of Bitcoin liquidation intensity indicates that a drop below $117,000 would correspond to roughly $591 million in cumulative long liquidation intensity across mainstream CEXs, while a move above $120,000 would equate to about $599 million in cumulative short liquidation intensity. Market participants should treat these figures as aggregated intensity estimates rather than precise notional or contract counts.

The liquidation chart is designed to display the relative significance of liquidation clusters, not exact contract tallies. A taller bar signals greater relative intensity, meaning that price interaction at that level is more likely to trigger a concentrated liquidity cascade and associated short-term market impact; the chart is therefore a risk-profiling tool rather than a definitive liquidation ledger.