The Crypto Assets market is at a critical turning point. According to the latest market data analysis, the price trend of Bitcoin (BTC) could trigger a chain reaction, significantly impacting the entire Crypto Assets trading ecosystem.

Market analysis shows that if the price of Bitcoin experiences a significant drop below the key support level of $112,631, it could severely impact the long positions of major centralized exchanges (CEX). In this scenario, the cumulative liquidation size is expected to reach as high as $2.597 billion, which would undoubtedly bring a huge shock to the market.

On the other hand, if the Bitcoin price breaks through the resistance level of $123,639, the situation will be completely different. In this bullish scenario, short investors will face immense pressure, with the cumulative liquidation scale of short positions on major exchanges expected to reach $2.58 billion.

This bidirectional risk highlights the high uncertainty and volatility of the current Crypto Assets market. Investors need to closely monitor market trends and manage their risk exposure appropriately. At the same time, this also reflects the prevalence and potential risks of leveraged trading in the Crypto Assets market, and regulators may pay more attention to this area.

Regardless of the market direction, this potential large-scale liquidation could have far-reaching effects on market liquidity and price stability. Therefore, market participants should remain vigilant and prepare for various possible scenarios.