[Coin World] On August 14, Bitcoin continued to fall in the afternoon, currently priced at $121,625, down 1.44% in the last 4 hours. According to data from the data platform, if Bitcoin falls below $120,000, the cumulative long order liquidation intensity on mainstream trading platforms will reach $1.569 billion. Conversely, if Bitcoin rises above $12,300, 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 precise value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby liquidation clusters, i.e., their intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that there will be a stronger reaction due to liquidity waves after the price reaches that point.