The latest market analysis shows that the price of Bitcoin is facing a significant critical point. If the price falls below $115,000, the long positions on major Centralized Exchanges (CEX) may face liquidation pressure of up to $1.59 billion. Conversely, if the price breaks above $119,000, the short positions will suffer a liquidation impact of about $390 million.

These data reflect the market's sensitivity and potential volatility. The liquidation intensity chart indicates that market reactions may be more pronounced as prices approach these key levels. The bar chart visually demonstrates the degree of market turbulence that different price points may trigger.

Currently, investors and traders are closely watching these key price levels as they may become turning points that determine the short-term direction of the market. Large-scale liquidation events not only affect direct participants but can also trigger a chain reaction, further exacerbating market volatility.

In the face of this situation, market participants should remain vigilant and manage risks appropriately. At the same time, this also provides valuable insights into market sentiment and potential directions. The price movements in the coming days will be crucial in determining the fate of both long positions and short positions.