[Block Rhythm] On August 19, according to data from the data platform, if Bitcoin falls below 113,000 USD, the cumulative long order liquidation intensity on mainstream trading platforms will reach 1.292 billion.
Conversely, if Bitcoin breaks through 117,000 USD, the cumulative short order liquidation intensity on mainstream trading platforms will reach 868 million.
Note: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of the contracts being liquidated. The bars on the liquidation chart actually show the importance, or intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain position. A higher "liquidation pillar" indicates that once the price reaches it, there will be a stronger reaction due to the wave of liquidity.