Bitcoin's price movements are poised to trigger significant liquidations on major cryptocurrency exchanges. Data from Coinglass indicates that if Bitcoin surpasses $69,502, it could lead to $1.7 billion in long position liquidations. Conversely, a drop below $63,041 could result in $685 million in short position liquidations. These thresholds highlight the potential for substantial market volatility as traders adjust their positions in response to Bitcoin's price fluctuations.