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COINOTAG reports, citing Coinglass data on October 27, that a breakout of Bitcoin beyond $11,800 could unleash meaningful liquidation pressure on mainstream CEX venues, with the tally approaching $945 million.
Conversely, a decline below $11,300 may trigger a sizable cluster of long liquidation on dominant exchanges, with totals around $964 million.
COINOTAG notes that the liquidation chart should be viewed as a relative indicator, not a precise count of contracts; the bars represent the relative intensity of potential liquidity cascades at each level, signaling how much price action could follow if those thresholds are hit.
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