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Bitcoin falls below $120,000, which could lead to the liquidation of 1.569 billion long orders; a rise would put 977 million short orders at risk.
[Coin World] On August 14, Bitcoin continued to fall in the afternoon, currently priced at 121,625 USD, a decrease of 1.44% over the past 4 hours. According to data from the data platform, if Bitcoin falls below 120,000 USD, the cumulative long order liquidation intensity on mainstream trading platforms will reach 1.569 billion. Conversely, if Bitcoin rises above 12.3 USD, the cumulative short order liquidation intensity on mainstream trading platforms will reach 977 million.
Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the significance, or intensity, of each liquidation cluster relative to nearby liquidation clusters. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that after the price reaches that point, there will be a stronger reaction due to the liquidity wave.