Bitcoin's price fluctuations are poised to trigger significant liquidations on major cryptocurrency exchanges. Data from Coinglass indicates that if Bitcoin's price drops below $87,321, the cumulative long position liquidations could reach $1.152 billion. Conversely, a price increase above $95,651 could result in $1.078 billion in short position liquidations. These potential liquidations highlight the volatility and risk associated with Bitcoin trading on major exchanges.