Latest market data analysis shows that the price of Bitcoin is in a sensitive range, which could trigger large-scale contract liquidations. According to information from data statistics platforms, if Bitcoin's price breaks through the $120,835 mark, short positions on major centralized exchanges (CEX) could face liquidation pressure of up to $2.623 billion. Conversely, if Bitcoin's price falls below $109,979, long positions could suffer liquidation hits of about $2.152 billion. This data reflects the high volatility of the current crypto assets market and highlights the importance of the key price range around $120,000. Investors and traders are closely monitoring market trends, weighing potential risks and opportunities. Additionally, the possibility of such large-scale liquidations has prompted thoughts on market liquidity and stability, reminding participants to manage risks carefully and set reasonable stop losses.