BTC Price Drop Below $111,886 Could Trigger $3.275 Billion Long Order Liquidation on Major CEXs

Key Points

1. Bitcoin's decline below $111,886 resulted in $3.275 billion in long order liquidations across major centralized exchanges.

2. Long order liquidations can accelerate price declines and amplify market volatility, creating a feedback loop.

3. Centralized exchange (CEX) liquidations serve as key indicators of market corrections or recovery phases.

4. COINOTAG experts advise traders to exercise caution during high liquidation periods due to increased volatility.

5. The $111,886 price level is significant as it marks a threshold for large-scale liquidations impacting market stability.