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According to the latest data analysis, the trend of Bitcoin's price is attracting significant attention in the market. If the price of Bitcoin breaks through the $115,000 mark, the cumulative short order liquidation scale of major Centralized Exchanges (CEX) will reach an astonishing $1.734 billion. Conversely, if the price of Bitcoin falls below $111,000, the cumulative long order liquidation scale of these exchanges will reach $1.183 billion.
This data reveals the current market's high sensitivity and potential huge risks. Regardless of which direction the price moves, it may trigger massive liquidations, thereby having a profound impact on the entire cryptocurrency market.
Market participants are closely following the developments in this situation, trying to predict the potential direction of actions taken by major funds. This indecisive situation not only reflects the high volatility of the Bitcoin market but also highlights the cautious attitude investors need to maintain in the face of such uncertainty.
As the market continues to watch and wait, every fluctuation in Bitcoin prices could become a trigger for a large-scale market reaction. Investors and traders are weighing various possibilities and preparing for potential violent market changes.