If Ethereum drops below $4200, the cumulative long liquidation strength of major CEXs will reach $1.53 billion.

BlockBeats News, September 3rd, the cryptocurrency market continues its downward trend. According to Coinglass data, if Ethereum falls below $4200, the cumulative long liquidation intensity of mainstream CEXs will reach $1.553 billion.

Conversely, if Ethereum breaks above $4400, the cumulative short liquidation intensity of mainstream CEXs will reach $0.940 billion.

BlockBeats Note: The liquidation chart does not accurately display the number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring clusters, i.e., intensity. Therefore, the liquidation chart shows the extent to which the price of the underlying asset will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price, when reached, will experience a more pronounced reaction due to a liquidity cascade.