Coinglass Warns Bitcoin Could Trigger $957M Long Liquidations Below $120K or $989M Short Liquidations Above $123K on Major CEXs

COINOTAG reported on October 9, citing Coinglass data that a drop of Bitcoin below $120,000 would generate a cumulative long liquidation intensity across major CEXs of roughly $957 million, whereas a rally above $123,000 would correspond to cumulative short liquidation intensity near $989 million.

The published liquidation chart reflects relative intensity of liquidation clusters rather than the exact count or face value of contracts; its columns measure each cluster’s significance versus adjacent levels and indicate how strongly a given price band may provoke a market response through a liquidity cascade.