According to Coinglass data cited by COINOTAG on September 20, if Bitcoin breaches $117,000, the cumulative short liquidation intensity across mainstream CEX is estimated at roughly $594 million.
Conversely, the same dataset indicates that a decline beneath $114,000 would push cumulative long liquidation intensity on major centralized exchanges toward about $1.002 billion, reflecting concentrated leveraged long exposure near that price band.
COINOTAG emphasizes that the liquidation chart depicts relative intensity of liquidation clusters rather than exact contract counts or precise dollar values; a taller liquidation bar signals a potentially stronger market reaction from a liquidity cascade when that level is tested.