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If Ethereum drops below $4300, the mainstream CEX liquidation pressure will reach $922 million.
BlockBeats News, August 26th, according to Coinglass data, if Ethereum drops below $4300, the cumulative long liquidation strength of mainstream CEXs will reach 922 million.
Conversely, if Ethereum breaks above $4600, the cumulative short liquidation strength of mainstream CEXs will reach 1.986 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 neighboring liquidation clusters, i.e., strength. 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 have a stronger reaction due to a liquidity cascade when it reaches that level.
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