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If Ethereum breaks $5,000, the mainstream CEX cumulative short liquidation pressure will reach $544 million.
BlockBeats News, August 23rd, according to Coinglass data, if Ethereum breaks above $5,000, the total short liquidation intensity on mainstream CEX will reach 544 million.
Conversely, if Ethereum falls below $4,500, the total long liquidation intensity on mainstream CEX will reach 2.512 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of 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, intensity.
Therefore, the liquidation chart shows to what extent reaching a certain price level will be affected. A higher "liquidation bar" indicates that the price reaching that level will generate a more intense reaction due to a liquidity cascade.
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