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If Ethereum breaks $4300, the total short liquidation on mainstream CEX will reach $2.411 billion.
BlockBeats News, August 20th, according to Coinglass data, if Ethereum breaks above $4300, the cumulative short liquidation intensity on major CEXs will reach $2.411 billion.
Conversely, if Ethereum falls below $4000, the cumulative long liquidation intensity on major CEXs will reach $1.314 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 represent the importance of each liquidation cluster relative to neighboring clusters, that is, intensity.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that once the price reaches that level, it will experience a more intense reaction due to a liquidity cascade.
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