COINOTAG News (Aug. 31) cites Coinglass data showing that if Bitcoin breaks above $110,000, the cumulative short liquidation intensity across major CEX platforms would reach approximately $514 million. Conversely, a drop below $108,000 corresponds to roughly $171 million in cumulative long liquidation intensity, per the same dataset.
The liquidation chart presented by Coinglass depicts relative cluster intensity rather than the exact number or nominal value of contracts. Each bar represents the comparative significance of a liquidation cluster versus adjacent clusters, i.e., its intensity, and indicates how liquidity dynamics may influence price action when specific thresholds are tested.
Market participants and risk teams should treat these metrics as inputs for risk assessment, monitoring the order book and leverage concentrations to gauge potential for amplified price reactions, rather than as definitive contract counts.