If Ethereum surpasses $4550, the cumulative short liquidation pressure on major CEXs will reach $1.421 billion.

BlockBeats News, August 16, according to Coinglass data, if Ethereum breaks above $4550, the total short liquidation strength on mainstream CEXs will reach $1.421 billion.

Conversely, if Ethereum falls below $4350, the total long liquidation strength on mainstream CEXs will reach $1.263 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 show the importance of each liquidation cluster relative to adjacent clusters, i.e., the strength.

Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher "liquidation bar" indicates that when the price reaches that level, a stronger reaction will occur due to a liquidity cascade.