According to Coinglass data cited by COINOTAG, a breach of Bitcoin above $11.7k would align with a peak in mainstream CEX short liquidation strength near $533 million, while a drop below $11.4k corresponds to estimated long liquidation strength around $656 million. Market participants should treat these levels as liquidity thresholds rather than precise contract counts.
The liquidation chart visualizes relative cluster strength across the order book and does not disclose exact contract volumes or notional values. Higher bars denote greater potential for a pronounced price reaction from a liquidity cascade, effectively mapping zones where margin positions and stop orders could concentrate and amplify directional moves.