Bitcoin below $116K could trigger $1.041B CEX liquidations
I think that if Bitcoin falls below $116,000, concentrated longs on major centralized exchanges would trigger roughly $1.041 billion in liquidations.
That level could amplify selling and volatility, so I would monitor CEX orderbooks and leverage metrics closely and avoid adding into the decline.
Analysis
Recommendation
Watch the $116,000 level closely, reduce or avoid leveraged longs, and wait for signs of stabilization or absorbing liquidity before initiating new long positions.
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.