According to the latest market data analysis, the price of Bitcoin is in a sensitive range that may trigger large-scale contract liquidations. If the price of Bitcoin breaks through the $114,000 threshold, the liquidation scale of short contracts on major centralized exchanges (CEX) could reach $1.389 billion. Conversely, if the price of Bitcoin falls below $108,500, the liquidation scale of long contracts could be as high as $1.994 billion.

This data highlights the high volatility and risk of the current Bitcoin market. It is noteworthy that these liquidation data do not represent an accurate number or value of contracts pending liquidation, but rather reflect the potential impact of different price ranges on the market. The height of the bars in the liquidation chart actually represents the strength of liquidation impact of each price point relative to neighboring prices.

In other words, this data reveals the extent to which the market may be impacted when the price of Bitcoin reaches a certain level. A higher "liquidation pillar" means that once the price touches that area, it could trigger a more severe market reaction due to a large number of contracts being liquidated simultaneously, which could lead to sharp price fluctuations.

For traders and investors, this information means that there is a need to pay extra attention to these key price points. Whether bullish or bearish, one should fully recognize the high-risk characteristics of the current market and manage their positions and leverage with caution. At the same time, this potential large-scale liquidation may also present opportunities for experienced traders, but it also requires extremely cautious risk management strategies.

Overall, the current Bitcoin market is at a delicate balance point, and any significant breakthrough in either direction could trigger a chain reaction, having a profound impact on the entire cryptocurrency market. Market participants should remain vigilant and closely monitor price trends and market dynamics.