Bitcoin: Drop Below $116K Could Trigger $1.04B CEX Liquidations

I believe Bitcoin faces a clear downside risk if it breaks under $116,000 — I estimate that CEX margin liquidations would spike to roughly $1.041 billion, amplifying the sell-off.

That level looks like a structural trigger: forced deleveraging on centralized exchanges would cascade through spot and futures liquidity, increasing volatility and likely pushing price lower in the short term.

I would treat a confirmed drop below $116k as a signal to reduce leveraged exposure, tighten risk controls, and wait for clearer post-liquidation price stability before adding positions.