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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.
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