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If Ethereum Breaks $4000, Mainstream CEX Cumulative Short Liquidation Pressure Will Reach $677 Million
BlockBeats News, August 8th, according to Coinglass data, if Ethereum breaks through $4000, the cumulative short liquidation intensity of mainstream CEX will reach 677 million.
Conversely, if Ethereum falls below $3800, the cumulative long liquidation intensity of mainstream CEX will reach 1.247 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the relative importance of each liquidation cluster to neighboring liquidation clusters, known as intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will experience a stronger reaction due to a liquidity cascade when it reaches that point.
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