Bitcoin's price fluctuations are poised to trigger substantial liquidations on major cryptocurrency exchanges. Data from Coinglass indicates that if Bitcoin's price falls below $65,621, long positions could face liquidations totaling $1.322 billion. Conversely, a price surge above $72,446 could lead to $511 million in liquidations of short positions. These thresholds highlight the volatility and risk management challenges faced by traders in the current market environment.