The analyst discusses the Bitcoin market on August 12, showing a price of $118.7k. He notes high volatility, states longs and shorts are getting wrecked. He reviews Bitcoin exchange liquidation levels and observes a decline in both long and short liquidations and he identifies longs that could be cleared out at approximately $117.2k. He circles a double top area on the chart. He believes that $116k is a likely support area. He notes that leveraged positions impede price movement, with longs creating selling pressure and shorts creating buying pressure when taking profits. He concludes that Sundays tend to pump, Mondays dump, expecting a $117.5k area.