Bitcoin Price Drop Below $115,000 Could Trigger $1.59 Billion in Long Order Liquidations on Major CEXs

Key Points

1. Bitcoin falling below $115,000 may lead to $1.59 billion in long liquidations on centralized exchanges (CEXs).

2. Liquidation intensity reflects traders' leveraged exposure and can cause rapid price swings.

3. The $115,000 level is a critical support point, and breaching it could result in high volatility and increased sell pressure.

4. Long liquidations can accelerate downward momentum, affecting trader sentiment and market liquidity.

5. COINOTAG highlights rising liquidation risks when Bitcoin approaches key support levels like $115,000.