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BTC Key Price Alert: Long order risk below $114,000, short positions pressure low above $116,000
【Block Rhythm】According to data from the data platform, on August 1, if Bitcoin falls below $114,000, the cumulative long order liquidation intensity on mainstream trading platforms will reach 609 million.
On the contrary, if Bitcoin breaks through 116,000 USD, the cumulative short order liquidation intensity on mainstream trading platforms will only be 73.97 million.
Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of liquidated contracts. The bars on the liquidation chart actually show the significance, or strength, 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 column" indicates that once the price reaches it, there will be a stronger reaction due to the wave of liquidity.