If Ethereum drops below $4600, the mainstream CEX long liquidation pressure will reach $726 million

BlockBeats News, August 25th, according to Coinglass data, if Ethereum drops below $4600, the cumulative long liquidation strength of mainstream CEXs will reach 726 million.

Conversely, if Ethereum breaks above $4800, the cumulative short liquidation strength of mainstream CEXs will reach 924 million.

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 show the relative importance of each liquidation cluster to the adjacent liquidation cluster, i.e., strength. Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain position. A higher "liquidation bar" indicates that the price will have a more intense reaction due to a liquidity cascade when it reaches that level.