Bitcoin's price fluctuations are poised to impact major cryptocurrency exchanges significantly. Data from Coinglass indicates that if Bitcoin's price drops below $87,223, the cumulative long position liquidation volume on major centralized exchanges (CEXs) will reach $1.108 billion. Conversely, a price increase above $96,232 would result in a cumulative short position liquidation volume of $635 million. These potential liquidations highlight the volatility and risk associated with Bitcoin trading at these critical price levels.