Recently, the sentiment in the Bitcoin market has been tense, with two key price levels becoming the focus of traders' close attention. Market analysis shows that if the Bitcoin price breaks through the $116,000 mark, it could trigger large-scale liquidations of short positions, potentially leading to a chain reaction of up to $736 million. Conversely, if the Bitcoin price falls below $113,000, long position investors will also face similar risks, with an estimated selling pressure of about $570 million.

These two price levels are not ordinary technical resistance or support levels, but rather key trigger points that may lead to significant market volatility. Once the price reaches these levels, a large number of preset trading orders may be activated simultaneously, triggering a more intense market reaction, potentially forming a waterfall liquidation chain effect.

It is worth noting that this potential large-scale Close Position event not only affects the direct participants but may also have far-reaching implications for the entire cryptocurrency market. Investors and traders need to closely follow these key price levels and be prepared for risk management.

From a broader perspective, this phenomenon reflects the high volatility of the cryptocurrency market and the prevalence of leveraged trading. As Bitcoin continues to fluctuate within this range, market participants should remain cautious and recognize the potential risks and opportunities that rapid price changes may bring.