Bitcoin Liquidation Intensity Could Surge to $823 Million if Price Breaks $118,000, Coinglass Data Shows

According to recent data from Coinglass, a significant threshold for Bitcoin is set at $118,000. Should Bitcoin surpass this level, the aggregate short liquidation volume across major centralized exchanges (CEXs) is projected to reach approximately $823 million. Conversely, a decline below $115,000 could trigger long liquidations totaling around $567 million. It is important to note that the liquidation chart provided by COINOTAG illustrates the relative intensity of liquidation clusters rather than exact contract quantities or liquidation values. These visual indicators help market participants gauge the comparative scale of liquidation events within proximate price ranges, offering valuable insight into potential market volatility and trader positioning.