Bitcoin Liquidation Alert: Crossing $115,000 Could Trigger $1.049B Short Cascade, Fall Below $112,000 Risks $209M Long Liquidations

Coinglass metrics indicate that if Bitcoin trades above $115,000, the cumulative short liquidation intensity across mainstream CEXs would be about $1.049 billion; conversely, a decline below $112,000 corresponds to roughly $209 million in cumulative long liquidation intensity.

The Coinglass liquidation chart does not display exact contract counts or precise liquidation values; instead, each bar measures the relative significance of a liquidation cluster versus adjacent clusters, representing its intensity rather than absolute size.

Elevated liquidation bars signal areas of potential liquidity cascade and greater order-book sensitivity; traders and institutions can use these intensity metrics to inform risk management and position-sizing decisions without treating them as definitive price predictions.