Bitcoin Break Above $119K Could Spark $8.58B CEX Short Liquidation — Drop Below $115K Risks $7.83B Longs

COINOTAG reports, citing Coinglass data, that a breach above $119,000 for Bitcoin corresponds to a total short liquidation intensity on mainstream CEXs of approximately $8.58 billion, while a drop below $115,000 would see total long liquidation intensity near $7.83 billion. These figures are presented as intensity metrics rather than definitive contract values.

The published liquidation chart displays relative cluster importance: bars indicate how strongly price may react when specific liquidity zones are reached, not the exact number or dollar value of contracts. Market participants should interpret these signals as measures of potential liquidity-driven volatility rather than precise liquidation amounts.

Practical implications: incorporate these liquidity clusters into position-sizing, risk management and stop-loss frameworks, and corroborate with order-book and on-chain indicators before adjusting exposures on mainstream CEXs.