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According to COINOTAG, citing Coinglass data, a Bitcoin drop below $107,000 would drive a cumulative long liquidation intensity on mainstream CEX to about $259 million.
By contrast, a move above $109,000 could push the cumulative short liquidation intensity across major CEX to roughly $128 million.
COINOTAG notes that the chart does not display exact contract counts or notional values; the bars indicate the relative importance of each liquidation cluster, i.e., the liquidity intensity, signaling how price could react if those thresholds are reached, with higher bars implying a sharper reaction due to a potential liquidity cascade.
This framing helps traders assess market risk around key price levels and understand potential volatility in the crypto space.
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