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Bitcoin: Break Below $116K Could Trigger $1.04B CEX Long Liquidations
I think that if Bitcoin drops below $116,000, mainstream centralized exchanges would face roughly $1.041 billion in long liquidation pressure, which could trigger a rapid cascade of forced selling.
I will watch order books, derivatives open interest and funding rates closely; I won’t add material long exposure while that level is at risk and will consider hedges or short exposure if price convincingly breaks and momentum accelerates.
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Analysis
Breaching $116K would likely hit concentrated long positions on major CEXs, increasing forced sells, widening spreads and amplifying volatility; such liquidation risk makes the level a key technical a...
Recommendation
Watch the $116,000 level closely; reduce or hedge long exposure, avoid initiating new longs into a breakdown, and consider short or put protection if a clean break occurs with rising volumes and fundi...
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.
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