Key price thresholds for Bitcoin near $119,000 and $116,000 are critical areas potentially triggering substantial liquidations on centralized exchanges (CEX).
Trading data indicates that if Bitcoin’s price surpasses the $119,000 level, it could potentially lead to liquidations amounting to approximately $1.156 billion. Conversely, a price decline below $116,000 presents a risk of triggering the liquidation of long positions totaling around $734 million.
These estimates highlight significant market leverage concentrated around these specific price points. While the liquidation chart identifies these clusters, it does not provide exact breakdowns comparing their size or value relative to immediately adjacent price levels.