If Ethereum breaks above $3900, the cumulative short liquidation pressure on major CEXs will reach $1.562 billion.

BlockBeats News, July 21st, according to Coinglass data, if Ethereum breaks above $3900, the cumulative short liquidation intensity on mainstream CEXs will reach $1.562 billion.

Conversely, if Ethereum falls below $3700, the cumulative long liquidation intensity on mainstream CEXs will reach $1.095 billion.

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

Therefore, the liquidation chart shows to what extent the target price will be affected when reached. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.