According to recent data from Coinglass on July 14, a breakthrough of Bitcoin beyond the $125,000 threshold could trigger a significant surge in short order liquidations on major centralized exchanges (CEX), potentially reaching an aggregate intensity of $360 million. Conversely, a dip below $121,000 may prompt long order liquidations totaling approximately $110 million. It is important to note that the liquidation chart provided by COINOTAG does not quantify the exact number or value of contracts to be liquidated. Instead, it illustrates the relative strength of liquidation clusters compared to adjacent ones, highlighting the potential market impact at specific price levels. A taller liquidation bar indicates a stronger price reaction to liquidity waves once those price points are breached, offering traders critical insights into market dynamics and risk exposure within the crypto ecosystem.