Bitcoin Price Support Alert: Liquidation Risk Surges Below $112,792

Based on recent data, if Bitcoin's price drops below $112,792, the total liquidation amount of long orders on major centralized exchanges could escalate to $2.584 billion. This indicates a significant risk of a sharp decline driven by forced liquidations, which could amplify selling pressure and trigger further downward movement in Bitcoin prices. This threshold acts as a critical support level; breaching it may lead to a cascade of liquidations due to margin calls. The substantial liquidation volume reflects high leverage among traders and suggests increased market volatility. A decline past this point could also signal a potential trend reversal or intensify a bearish cycle, especially if triggered by macroeconomic factors or sentiment shifts. Understanding this liquidation threshold helps traders assess risks and position themselves accordingly. It is essential to monitor Bitcoin price movements around this key level to preempt or respond to potential sharp declines initiated by liquidations on major cryptocurrency exchanges.