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According to Coinglass data cited by COINOTAG on September 15, market depth metrics indicate that a sustained break above $11,800 for Bitcoin would correspond to an estimated cumulative short liquidation intensity of about $1.069 billion across major centralized exchanges. Conversely, a decline below $11,400 would map to roughly $678 million in cumulative long liquidation intensity. COINOTAG notes the liquidation histogram reflects relative intensity rather than exact contract counts or notional values; higher bars denote greater potential price impact from liquidity cascades when those price levels are reached. Market participants should treat these figures as a risk gauge for CEX derivatives exposure, not as precise liquidation tallies.
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