COINOTAG News (Sept 14) cites Coinglass data indicating that if Bitcoin drops below $114,000, the cumulative long liquidation intensity across major CEXs would reach approximately $687 million; conversely, a move above $117,000 correlates with roughly $494 million in cumulative short liquidation intensity.
COINOTAG clarifies that the liquidation chart represents relative intensity of liquidation clusters rather than the precise number or dollar value of contracts. Each bar denotes the significance of a given liquidation cluster versus adjacent clusters and the potential impact on the underlying asset’s price when that level is reached.
These metrics highlight concentrations of open interest and the potential for a liquidity cascade to amplify price action; market participants should treat these levels as risk-management signals and calibrate position sizing and stops accordingly rather than as definitive price forecasts.
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