Coinglass Data: Bitcoin Rebound Above $118,000 Could Spark $1.504B Short Liquidation on Major CEXs

COINOTAG reported on October 11, citing Coinglass data that if Bitcoin rebounds above $118,000, the cumulative short liquidation intensity on mainstream CEXs would reach approximately $1.504 billion. This figure reflects the aggregated intensity metric rather than a count of contracts or their nominal value.

The underlying liquidation chart visualizes relative cluster importance: each bar measures the intensity of potential liquidations compared with adjacent levels. Higher bars indicate areas where a price move could trigger a more pronounced market reaction due to concentrated stop-losses and forced deleveraging.

Importantly, the chart does not disclose exact contract quantities or definitive liquidation proceeds; it is best used as a price reaction indicator for market participants. Investors should interpret these signals alongside on-chain, order-book and macro data to form a comprehensive risk assessment.