According to Coinglass data cited by COINOTAG on September 9, the cumulative long liquidation intensity across major CEXs would reach $1.33 billion if Bitcoin declines below $110,000, while a move above $114,000 would correspond to roughly $1.192 billion in cumulative short liquidation intensity.
COINOTAG emphasizes that the published liquidation chart represents relative cluster intensity rather than an exact tally or precise valuation of contracts pending liquidation; the visualization measures the significance of each liquidation cluster versus neighboring price bands.
Consequently, higher liquidation bars indicate that reaching those price levels could trigger a more pronounced market response due to a liquidity cascade impacting order flow on mainstream CEXs, rather than providing an absolute liquidation figure.