Bitcoin Liquidation Alert: $1.555B in Longs at Risk Below $118K — $1.083B Shorts Triggered Above $122K

According to COINOTAG reporting of Coinglass data on October 3, the Bitcoin price thresholds present measurable liquidation risk: a decline below $118,000 would push cumulative long liquidation intensity on major CEXs to about $1.555 billion, while a rally above $122,000 corresponds to roughly $1.083 billion in cumulative short liquidation intensity.

COINOTAG clarifies the public liquidation chart reports relative intensity rather than precise contract counts or notional values; the visualization ranks the significance of each liquidation cluster relative to adjacent levels, reflecting aggregated orderbook and derivatives metrics instead of exact contract tallies.

A higher liquidation bar indicates a greater likelihood of an amplified price reaction from a liquidity cascade, identifying zones where concentrated leverage may increase market impact if those price levels are reached; this denotes potential market dynamics without asserting deterministic outcomes.