Recent data from Coinglass, as reported by COINOTAG on November 20, flags notable liquidity dynamics around key Bitcoin levels. If Bitcoin slips below $88,000, the long liquidation intensity across mainstream CEXs is estimated to reach approximately 563 million in notional terms. By contrast, a break above $91,000 could unleash a substantial short liquidation intensity around 745 million, highlighting how price moves at these thresholds may provoke outsized liquidations.
COINOTAG also notes that the liquidation chart conveys relative, not absolute, exposure—the bars indicate the relative intensity of each liquidation cluster versus its neighbors rather than exact contract counts. Consequently, when the underlying asset touches these levels, market liquidity can drive sharper price reactions, emphasizing the importance of monitoring liquidity indicators alongside price action.