If Ethereum breaks through $4300, the mainstream CEX cumulative short liquidation pressure will reach 517 million.
BlockBeats News, October 27th, according to Coinglass data, if Ethereum breaks through $4300, the cumulative short liquidation intensity on major CEXs will reach $517 million.
Conversely, if Ethereum falls below $4100, the cumulative long liquidation intensity on major CEXs will reach $922 million.
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 neighboring liquidation clusters, i.e., 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 more intense reaction due to a liquidity cascade when it reaches that point.
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