Bitcoin Breaks $114,000 Could Trigger $956 Million Short Liquidation on Major CEX Platforms

Should Bitcoin surpass the critical resistance level of $114,000, the market could witness a significant surge in liquidation events on centralized exchanges (CEX). Industry data indicates that the aggregate short order liquidation volume across leading CEX platforms may escalate to approximately $956 million. This development underscores the heightened volatility and potential market rebalancing as traders adjust positions in response to price movements. Investors and market participants should closely monitor these liquidation metrics, as they provide valuable insights into market sentiment and risk exposure within the crypto ecosystem.