Bitcoin's price fluctuations are poised to cause significant liquidations on major centralized exchanges. Data from Coinglass indicates that if Bitcoin's price drops below $65,082, long positions could face liquidations totaling $1.121 billion. Conversely, a price increase above $71,401 could lead to $853 million in liquidations of short positions. These potential liquidations highlight the volatility and risk associated with trading Bitcoin on centralized platforms.