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If Ethereum drops below $4200, the total long liquidation volume on major CEXs will reach $854 million.
BlockBeats News, September 4th. According to Coinglass data, if Ethereum falls below $4200, the cumulative long liquidation intensity of mainstream CEXs will reach $854 million.
Conversely, if Ethereum breaks above $4400, the cumulative short liquidation intensity of mainstream CEXs will reach $693 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., the 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 face a stronger reaction due to a liquidity cascade.
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