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The latest analysis of the cryptocurrency market shows that the price trend of Bitcoin is at a critical point. According to statistics from a well-known industry data platform, if the price of Bitcoin falls below $109,612, the long positions on major centralized exchanges may face liquidation pressure of up to $1.851 billion. Conversely, if the price of Bitcoin breaks through $119,846, the short positions may encounter liquidation risks of about $1.739 billion. This data reflects the current market's high sensitivity, and investors should closely monitor price movements. Any significant fluctuation in the price of Bitcoin could trigger a chain reaction, having far-reaching effects on the entire cryptocurrency ecosystem. In such a complex market environment, both institutional and individual investors should cautiously assess risks and formulate reasonable trading strategies.