Bitcoin Alert: Coinglass Warns $81.15M Short Liquidation If BTC Tops $124,461 — $474M Long Liquidation Risk Below $123,000 on Major CEXs

COINOTAG reported on October 5 that Coinglass data highlights key liquidation thresholds for Bitcoin. If Bitcoin breaches the $124,461 all‑time high, aggregate short liquidation strength on mainstream CEXs is estimated at approximately $81.15 million; conversely, a decline below $123,000 corresponds to roughly $474 million in aggregate long liquidation strength.

Importantly, the liquidation chart provided by Coinglass does not display exact contract counts or notional values; its bars instead represent the relative strength of liquidation clusters compared with adjacent levels, offering a normalized measure of concentrated leverage.

From a market-structure perspective, higher liquidation bars indicate an increased likelihood of a pronounced price reaction driven by a liquidity cascade, information that risk managers and traders can incorporate into position sizing and stress testing.