Bitcoin at Key Levels: $11.8K Could Trigger $1.12B in CEX Short Liquidations and $11.3K Could Spark $1.112B in CEX Long Liquidations

COINOTAG reports, citing Coinglass data dated October 28, that a move above $11,800 for Bitcoin could push the cumulative short liquidation intensity across mainstream CEXs toward $1.12B.

Conversely, a slip below $11,300 could lift the cumulative long liquidation intensity toward $1.112B, underscoring how liquidity dynamics may amplify volatility near key price levels.

COINOTAG notes that the liquidation chart does not reveal exact contract counts; the bars reflect the relative importance of each cluster. Higher bars imply a greater potential for a liquidity cascade once price hits those levels, informing risk controls and hedging considerations in the current market environment.