If Ethereum breaks $3900, the total short liquidation pressure on major CEXs will reach $1.341 billion.

BlockBeats News, October 23rd, according to Coinglass data, if Ethereum breaks through $3900, the cumulative short liquidation intensity of mainstream CEXs will reach $1.341 billion.

Conversely, if Ethereum falls below $3700, the cumulative long liquidation intensity of mainstream CEXs will reach $726 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts waiting to be liquidated or the exact value of contracts liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, namely the intensity.

Therefore, the liquidation chart shows to what extent reaching a certain price level will be impacted. A higher "liquidation bar" indicates that once the price reaches there, it will have a more intense reaction due to a liquidity cascade.