Market analysts warn that Bitcoin’s descent below the $114,000 threshold could trigger approximately $1.78 billion in long position liquidations across major centralized crypto exchanges (CEXs). This critical support level represents a significant concentration of leveraged trades vulnerable to forced closures.
The potential liquidation event stems from substantial long positions accumulated near the $114,000 price point. Should Bitcoin breach this level, automated liquidations would activate on trading platforms, amplifying downward price pressure and market volatility.
Separately, reports note former U.S. President Donald Trump recently suggested possible interest rate adjustments, though analysts have not explicitly detailed potential impacts on cryptocurrency markets in relation to this development.