Recently, the Bitcoin market has once again attracted the attention of investors. According to the latest analysis, if the Bitcoin price falls below 116,000, major Centralized Exchanges (CEX) may face a liquidation of long positions amounting to up to 1.041 billion. On the other hand, if the Bitcoin price breaks through 119,000, the cumulative liquidation scale of short positions is expected to reach 1.014 billion.

This data comes from market clearing chart analysis, which illustrates the potential market liquidity shocks that may be triggered by different price ranges through the concept of 'clearing clusters'. It is worth noting that the clearing chart does not directly reflect the specific quantity or value of contracts pending clearing, but rather serves as a market volatility risk indicator. The higher the clearing column, the greater the potential market reaction and volatility that may be triggered in that price range.

Currently, the cryptocurrency market is undergoing a round of adjustments, with some analysts attributing it to the higher-than-expected year-on-year Producer Price Index (PPI) in the United States for July. This macroeconomic data may affect investor expectations regarding inflation and monetary policy, which in turn could impact the pricing of crypto assets.

For investors in major cryptocurrencies like Bitcoin and Ethereum, closely following these price key points and potential liquidation risks is crucial. Large-scale liquidation events may trigger sharp price fluctuations, which in turn can affect the stability of the entire cryptocurrency ecosystem.

In such a sensitive market environment, investors should remain vigilant, manage risks appropriately, and avoid excessive leverage. At the same time, they should also follow broader market factors, including regulatory trends, institutional participation, and global economic conditions, as these could have a profound impact on the cryptocurrency market.