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According to Coinglass data cited by COINOTAG on October 13, if Bitcoin rebounds above $11.8K, mainstream CEX cumulative short liquidation intensity is estimated at approximately $1.303 billion; conversely, a decline beneath $11.2K corresponds to an intensity near $1.651 billion.
The published liquidation chart does not enumerate exact contract counts or nominal contract values; instead it depicts relative cluster importance by showing the liquidation intensity of each price band versus adjacent bands, serving as a visual metric of concentration risk.
Higher liquidation bars therefore reflect the potential for a stronger market reaction due to a liquidity cascade when the underlying price intersects those levels, providing traders and risk managers a quantifiable gauge of clustered exposure.
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