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Bitcoin price thresholds highlighted in Coinglass data on September 11 indicate that a move above $115,000 corresponds to aggregated short liquidation intensity on mainstream CEXs of roughly $839 million, while a drop beneath $112,000 aligns with aggregated long liquidation intensity near $1.059 billion. The underlying liquidation chart visualizes relative cluster intensity rather than exact contract counts or notional values, so bars reflect the concentration and potential market impact at given price levels. Practitioners should treat these metrics as concentration indicators that signal where a pronounced price response may occur due to a liquidity cascade, not as definitive liquidation totals.
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