Bitcoin Faces $1.04B CEX Long Liquidation Risk Below $116K

I believe that if Bitcoin breaks below $116,000, centralized exchange long liquidations could surge to about $1.041 billion. That threshold looks like a concentrated leverage point that can magnify downward moves.

I expect heightened volatility and cascading liquidations as margin calls force deleveraging on CEXs, making short-term price action around $116k decisive.

I will monitor funding rates, open interest and orderbook depth and avoid initiating large new longs until liquidation risk subsides or price decisively reclaims the level.