Watch $120K Break — $1.57B CEX Long Liquidations Possible
I believe that if Bitcoin breaks below $120,000, centralized exchange long liquidations could reach roughly $1.569 billion.
This level would likely trigger significant forced deleveraging and amplify short-term downside volatility.
I will watch order books, funding rates and open interest for early warning signs before taking new long positions.
Analysis
Recommendation
Watch the $120,000 level closely, reduce leverage, tighten stops or avoid adding fresh longs until funding and open interest normalize; consider hedges if you have sizeable exposures.
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.