$BTC $ETH $BNB Bearish

Bitcoin 113,000 and 108,000 are the critical lifelines, with a risk of tens of billions in liquidation imminent.

According to the latest data from Coinglass, Bitcoin is currently at a critical game point. If the price breaks above 113,000 USD, short contracts will face a liquidation pressure of 1.247 billion USD; conversely, if the price falls below the support level of 108,000 USD, long contracts will encounter a liquidation risk of 1.346 billion USD.

These two price levels have become the core "lifelines" for both bulls and bears. Once either side triggers the liquidation conditions, it can easily cause a chain reaction, further amplifying price fluctuations—either the bears are aggressively squeezed, or the bulls fall into a cascading defeat.

From a data perspective, the current downside risk is relatively higher, with the liquidation scale faced by long positions exceeding that of short positions by nearly 1 billion USD.