Bitcoin's potential price movements are poised to trigger significant liquidations on major centralized exchanges (CEXs). Data from Coinglass indicates that if Bitcoin surpasses $71,552, it could lead to $1.599 billion in liquidations of long positions. Conversely, a drop below $65,402 could result in $586 million in liquidations of short positions. These thresholds highlight the volatility and risk associated with Bitcoin trading on CEXs.