Bitcoin faces potential liquidation clusters at key price levels, Coinglass data show on Oct. 28. Short positions across major centralized exchanges could see cumulative liquidation intensity of $1.12 billion if Bitcoin breaks above $118,000, while long positions could face $1.112 billion in liquidation intensity if the price falls below $113,000. Coinglass notes that liquidation charts represent the relative importance of each liquidation cluster rather than precise contract numbers or values, with higher bars indicating stronger potential price reactions due to liquidity waves.