If Ethereum drops below $4500, the mainstream CEX long liquidation pressure will reach $1.488 billion

BlockBeats News, September 14th, according to Coinglass data, if Ethereum falls below $4500, the cumulative long liquidation intensity of mainstream CEXs will reach $1.488 billion.

On the other hand, if Ethereum surpasses $4800, the cumulative short liquidation intensity of mainstream CEXs will reach $1.566 billion.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually indicate the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., intensity.

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