According to Coinglass data cited by COINOTAG on August 24, cumulative long liquidation intensity across major centralized exchanges would total $1.297 billion if Bitcoin falls below $113,000, while cumulative short liquidation intensity is estimated at $423 million should Bitcoin trade above $116,000.
The liquidation chart depicts relative intensity of clustered liquidations rather than the precise number of contracts or their nominal value; its bars measure the comparative weight of each cluster against neighboring price levels, identifying concentration points for margin exits.
A pronounced bar indicates a greater likelihood of a liquidity cascade that can amplify moves as the order book thins, so traders and risk managers should use these CEX liquidation signals as stress indicators for potential effects on price discovery, not as deterministic forecasts.