Bitcoin below $116k Could Trigger $1.04B CEX Liquidations

I believe a break of Bitcoin under $116,000 would trigger a wave of CEX forced liquidations totalling about $1.041 billion, significantly amplifying downside pressure.

This cascade would mainly hit highly leveraged longs on centralized exchanges, widening spreads and draining liquidity near that level.

I will watch open interest, funding rates and order-book depth closely and avoid adding leverage until the market shows clear stabilization.