Bitcoin at Critical Levels: $510M CEX Short Liquidations If BTC Breaks Above $112,000 and $527M Long Liquidations If It Drops Below $108,000

COINOTAG, citing Coinglass data on October 20, reports that a Bitcoin rally beyond $112,000 could ignite substantial short liquidation pressure on mainstream CEX venues, with an estimated aggregate of around $510 million. Conversely, a slide below $108,000 may unleash roughly $527 million in cumulative long liquidations. These figures reflect liquidity dynamics rather than precise contract counts and illustrate how price thresholds can trigger cascading liquidations across major exchanges.

COINOTAG clarifies that the liquidation chart encodes the relative importance of liquidity clusters, not exact contract totals. A higher bar indicates a stronger potential price reaction as a liquidity cascade unfolds near the target level. Traders should incorporate these insights into risk management and positioning around key price anchors such as $112,000 and $108,000, with disciplined stop placement and position sizing.