If Ethereum drops below $3700, the mainstream CEX cumulative long liquidation intensity will reach $722 million.

BlockBeats News, October 30th, according to Coinglass data, if Ethereum falls below $3700, the cumulative long liquidation intensity of mainstream CEXs will reach 722 million.

Conversely, if Ethereum surpasses $4000, the cumulative short liquidation intensity of mainstream CEXs will reach 1.623 billion.

BlockBeats Note: The liquidation chart does not display the exact number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually indicate the importance of each liquidation cluster relative to adjacent clusters, i.e., the intensity.

Therefore, the liquidation chart shows to what extent reaching a certain price level will impact. A higher "liquidation bar" indicates that the price hitting that level will trigger a more intense reaction due to liquidity cascades.