Bitcoin risk: $116k break could trigger $1.041B CEX long liquidations
I believe that if Bitcoin drops below $116,000, centralized-exchange long liquidations would surge to about $1.041 billion, creating significant downside pressure.
This level is a clear risk threshold: a breach could trigger cascading liquidations and sharply higher volatility, so traders should watch order books and funding closely.
Analysis
I view this as a concentrated liquidation risk: large clustered longs on CEXs would force rapid deleveraging if $116k is breached, amplifying price declines and futures-market stress.
Recommendation
Watch the $116,000 support closely, avoid initiating leveraged longs, tighten stops or reduce exposure, and consider hedges or short exposure only after a confirmed break.
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.