Latest data shows that the price movement of Bitcoin is in a sensitive range, which may trigger large-scale contract liquidations. According to data from the market analysis platform, if the price of Bitcoin falls below $113,000, the cumulative liquidation scale of long positions on the major centralized exchange (CEX) could reach $1.297 billion. Conversely, if Bitcoin breaks above $116,000, the cumulative liquidation scale of short positions is expected to reach $423 million.

These data reflect the high sensitivity and potential risks of the current market. It is worth noting that the liquidation chart does not display the exact quantity or value of contracts to be liquidated, but rather indicates the relative liquidation intensity at different price points. In other words, the height of the bars in the chart represents the potential market reaction intensity when the price reaches a certain level.

The core function of the liquidation chart is to indicate the liquidity shocks that may result from price fluctuations. The taller the bars, the more likely that price point could trigger a more intense market reaction. This analytical method provides investors and traders with an important risk assessment tool, helping them make more informed decisions in the highly volatile cryptocurrency market.

The current market conditions highlight the high-risk characteristics of cryptocurrency trading, while also reflecting the significant impact of leveraged trading in the market. Investors should closely monitor these key price levels and operate cautiously according to their own risk tolerance.