Recently, the focus of the cryptocurrency market has been on the critical price range of Bit. According to the latest data analysis, Bit is facing two important price points that could trigger significant market reactions.

If the price of Bitcoin can break through the $115,000 threshold, short positions on major centralized exchange (CEX) may face liquidation risks of up to $1.734 billion. This potential large-scale short liquidation could further drive up the price of Bitcoin and trigger more bullish sentiment.

On the contrary, if the Bitcoin price falls below the support level of $111,000, approximately $1.183 billion in long positions will face the risk of being liquidated. This situation could lead to further price declines and trigger panic in the market.

Currently, market participants are closely monitoring these two key price levels in an attempt to predict the next move of large funds. Whether the main funds will choose to push prices up to trigger short liquidations, or will press prices down to induce long liquidations, this question is gripping the nerves of the entire encryption community.

The potential impact of this price volatility is not limited to Bitcoin but may also affect the entire cryptocurrency ecosystem. Investors and traders need to remain vigilant, closely monitor market trends, and make informed decisions based on their risk tolerance.

As the market continues to fluctuate within this critical range, we may see more price volatility and an increase in trading volume. Regardless of the final outcome, this period will undoubtedly become an important node in the price trend of Bitcoin, worthy of close attention from all market participants.