The latest data analysis shows that the Bitcoin price has a key sensitive range between $120,000 and $122,000. This range may have a significant impact on market trends.

According to the latest data from market monitoring platforms, if the Bitcoin price breaks through the $122,000 barrier, the cumulative short positions on major centralized exchanges (CEX) may face liquidation pressure of up to $1 billion. This figure highlights the confidence of bullish investors and the potential upward momentum in the market.

On the contrary, if the Bitcoin price falls below $120,000, long positions on the same exchange platform will face a liquidation risk of approximately $258 million. This situation reflects the bidirectional volatility of the market and the sensitivity of investor sentiment.

It is worth noting that these liquidation data do not represent the exact number of contracts to be liquidated or their specific value. Instead, they more reflect the intensity and significance of liquidations at different price points relative to the surrounding range. In other words, this data reveals the potential impact on the market when the Bitcoin price reaches specific levels.

A higher "liquidation pillar" in the liquidation chart indicates that once the price reaches these areas, the market may react more violently due to a sudden change in liquidity. This reaction could trigger rapid price fluctuations, subsequently affecting the overall trend of the cryptocurrency market.

For traders and investors, it is crucial to closely monitor market dynamics within this price range. It not only helps them better manage risks but also provides insights for seizing potential trading opportunities.

As Bitcoin continues to fluctuate around this sensitive range, market participants are holding their breath, hoping to gain more clues from the upcoming price movements. Regardless of the final outcome, this period will undoubtedly become an important milestone in the price trends of Bitcoin.