If Ethereum drops below $4400, the total Long Liquidation on major CEXs will reach $1.191 billion.

BlockBeats News, August 15th, according to Coinglass data, if Ethereum falls below $4400, the total long liquidation strength of mainstream CEXs will reach $1.191 billion.

Conversely, if Ethereum breaks above $4700, the total short liquidation strength of mainstream CEXs will reach $928 million.

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

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 the price will have a stronger reaction due to a liquidity surge when it reaches that level.