Bitcoin: $116K Breach Could Trigger $1.041B CEX Long Liquidations

I see a clear risk: if Bitcoin falls below $116,000, on‑exchange long liquidations from mainstream CEXs could surge to roughly $1.041 billion. That magnitude of forced exits would likely amplify downside volatility and accelerate price declines through cascading margin calls.

I expect short-term orderbook depth and funding rate dynamics to be the immediate amplifiers — sudden deleveraging on major exchanges can push spot and derivative prices sharply lower before liquidity returns. Market participants with leveraged long exposure are most vulnerable.

I’m monitoring the $116k level as a tactical risk threshold; I would avoid initiating large fresh long positions there, tighten stops on existing risk, and watch funding rates and open interest for signs of stress.