Bitcoin Surge Above $119K Could Spark $1.15B Short Liquidations on CEXs; Drop Below $115K May Trigger $1.34B Long Liquidations

According to Coinglass data cited by COINOTAG on October 1, if Bitcoin surpasses $119,000 the aggregated short liquidation intensity across major CEXs would reach approximately $1.153 billion, while a decline beneath $115,000 would elevate cumulative long liquidation intensity to about $1.343 billion. These figures reflect measured intensity metrics rather than precise contract counts or exact notional values.

The liquidation chart visualizes the relative significance of liquidation clusters: each bar denotes the expected market impact if the underlying price hits that level. A taller bar signals a more pronounced market reaction driven by a liquidity cascade, but it does not specify individual contract quantities or guaranteed price moves, underscoring the metric’s analytical — not deterministic — utility for risk assessment.