Coinglass: Bitcoin Rally Above $110K Could Trigger $900M Short Liquidation Wave; Slump Below $107K Would Hit $693M

COINOTAG (Oct. 17) cites Coinglass data indicating that a move of Bitcoin above $110,000 corresponds to an estimated cumulative short liquidation intensity of about $900 million across major CEXs, while a decline beneath $107,000 aligns with roughly $693 million in intensity. These figures reflect Coinglass’s cluster-based intensity metric rather than precise notional contract values.

The liquidation chart should be interpreted as a measure of potential market reaction: bars denote the relative significance of each liquidation cluster, not the exact number of contracts awaiting close. In practice, higher bars signal a greater likelihood of a liquidity cascade amplifying price moves at those levels, so traders and risk managers should treat the metric as an indicator of potential market stress rather than a definitive liquidation tally.