Bitcoin Break Above $121,000 Could Trigger $1.023B Short Liquidation Cascade on CEXs — Coinglass/BlockBeats

According to Coinglass data, a sustained move above $121,000 for Bitcoin corresponds to a cumulative short liquidation intensity of approximately $1.023 billion across major centralized exchanges (CEXs), whereas a drop beneath $119,000 maps to a cumulative long liquidation intensity near $61.1 million.

The published liquidation chart should be read as a visualization of relative intensity rather than an exact ledger of contract counts or notional values; the bars depict the comparative significance of liquidation clusters versus adjacent price levels.

Higher liquidation bars indicate that reaching those levels may trigger a more pronounced market reaction driven by a liquidity cascade, but they do not provide precise contract quantities—market participants should treat the data as an indicator of potential price sensitivity, not a deterministic forecast.