Bitcoin $116k Breach Could Trigger $1.041B CEX Long Liquidations
I believe that if Bitcoin drops below $116,000, centralized exchange long-liquidation pressure could reach roughly $1.041 billion. That size of forced selling would likely amplify short-term downside moves.
I will monitor open interest, funding rates and key support levels closely; a breach of $116,000 would be a clear signal of elevated liquidation risk and market stress.
Analysis
Recommendation
Watch the $116,000 level closely and avoid opening new leveraged long positions. If price approaches the level, tighten stops or reduce leverage to limit forced-liquidation risk.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.