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COINOTAG (Sept 15) — Coinglass data indicates that if Bitcoin drops below $114,000, cumulative long liquidation intensity across mainstream CEXs would reach approximately $657 million; conversely, a move above $116,000 corresponds to cumulative short liquidation intensity near $210 million. These figures represent aggregated intensity metrics reported by Coinglass for major centralized exchanges and are presented as conditional thresholds rather than realized losses.
COINOTAG notes the liquidation chart reflects relative cluster intensity rather than precise contract counts or exact realized values; each bar measures the comparative importance of a price level versus adjacent clusters. A taller bar denotes greater susceptibility to a liquidity cascade and a stronger market reaction if that level is reached, without implying a specific number of contracts will be liquidated.
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