Recently, the Bitcoin market is facing an important critical point. Data analysis shows that if the Bitcoin price breaks through the $119,000 mark, it could trigger up to $858 million in short order liquidation. Conversely, if the price falls below $115,000, it could lead to $783 million in long order being liquidated.

This liquidation prediction chart is essentially a market impact assessment tool. It visually displays the potential large-scale liquidation events that may occur at specific price points. Those higher "liquidation bars" indicate that there are significant positions awaiting liquidation near that price level. Once these liquidations are triggered, it is likely to provoke more intense market volatility, whether it is an increase or a fall.

This phenomenon reminds investors that the market often becomes extraordinarily sensitive around these key price points. Whether it is the bulls or the bears, as long as one side is forced to liquidate a large position, it may accelerate the price moving rapidly in one direction, thereby creating a chain reaction. Therefore, although the market currently appears calm on the surface, the potential volatility is continuously accumulating.

For Bitcoin traders and investors, it is crucial to closely monitor these key price points. As the market approaches these positions, there may be sharp changes, so extra caution and risk management are needed. At the same time, this also provides potential opportunities for traders who are good at capturing market fluctuations.

Overall, the current Bitcoin market is at a delicate balance point. Regardless of which direction the price ultimately breaks through, it could trigger a series of chain reactions that have far-reaching effects on the entire cryptocurrency market. Investors should remain vigilant and be prepared to respond to potential drastic fluctuations.