I just looked at data from Coinglass that is quite important to pay attention to. If Bitcoin manages to break through $110,000, short position liquidations on major CEXs could reach around $996 million. But if it drops below $106,000, long positions that get liquidated could amount to up to $1.309 billion. So basically, there are two quite critical zones.

What needs to be understood from the Coinglass chart is not about exact contract numbers or actual values, but more about the relative intensity. Each bar shows how large the liquidation impact is compared to the nearest zone. Taller bars mean that if the price reaches that level, market reactions will be more violent due to larger liquidation waves.

So according to this Coinglass data, these two levels are areas worth watching. If price action reaches either zone, expect quite a bit of volatility. This is important for trading strategies, especially for risk management. Coinglass helps visualize this quite clearly, even though it doesn't provide exact numbers, but enough to gauge market pressure at certain levels.