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If Ethereum surpasses $4550, the mainstream CEX total liquidation volume will reach $1.59 billion
BlockBeats News, September 11th, according to Coinglass data, if Ethereum breaks above $4550, the cumulative short liquidation intensity on major CEXs will reach $1.59 billion.
Conversely, if Ethereum falls below $4350, the cumulative long liquidation intensity on major CEXs will reach $1.014 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts 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., intensity.
Therefore, the liquidation chart shows to what extent reaching a certain price level will impact. Higher "liquidation bars" indicate that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.
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