If Ethereum drops below $4600, the total long liquidation on major CEXs will reach 541 million USD

BlockBeats News, September 14th, according to Coinglass data, if Ethereum falls below $4600, the total long liquidation strength of mainstream CEXs will reach 541 million.

Conversely, if Ethereum breaks above $4750, the total short liquidation strength of mainstream CEXs will reach 879 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 adjacent 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 when the price reaches that point, a more intense reaction will occur due to a liquidity cascade.