Coinglass data indicates that if the price of Bitcoin breaks through $115,000, the cumulative short liquidation intensity on major centralized exchanges will reach approximately $1.734 billion; conversely, if the price of Bitcoin drops below $111,000, the cumulative long liquidation intensity will approach $1.183 billion. These figures reflect the cumulative liquidation intensity indicators used by professional traders and risk departments to assess the concentration of leveraged positions.

The Coinglass liquidation chart represents the relative significance of liquidation clusters rather than the exact number of contracts or nominal value; each bar represents the intensity of comparison with adjacent levels. A higher liquidation bar means that reaching that price range may trigger a more intense market reaction due to liquidity cascades, increasing short-term price sensitivity without specifying the exact number of contracts.