Changes in bitcoin price can lead to major liquidation events

I read on Blockbuster that Coin glass shows that if Bitcoin goes above $110,000, the total amount of short positions liquidated on large centralized exchanges will reach $996 million. On the other hand, if Bitcoin goes below $106,000, this will lead to the total liquidation of long positions on these exchanges reaching just $1. I saw the number is 309 billion. I noticed that the liquidation chart does not clearly show how many contracts are waiting to be liquidated or how many contracts have already been liquidated. The bars on the chart show how significant each liquidation group is compared to the groups around it, indicating how strong they are. Therefore, the chart shows how much the target price will change when a specific level is reached. When the "liquidation bar" is set high, it implies that when the price reaches that point, there will be a big reaction due to waves of money. #bitcoin