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If Ethereum breaks above $3900, the mainstream CEX cumulative short liquidation pressure will reach 536 million.
BlockBeats News, October 31st, according to Coinglass data, if Ethereum breaks above $3900, the cumulative short liquidation intensity on major CEXs will reach 536 million.
Conversely, if Ethereum falls below $3700, the cumulative long liquidation intensity on major CEXs will reach 959 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts waiting to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent clusters, i.e., the intensity.
Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a stronger reaction due to a liquidity cascade when it reaches that point.
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