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If Ethereum Breaks $4,000, Mainstream CEX Cumulative Short Liquidation Pressure Will Reach $979 Million
BlockBeats News, July 28th, according to Coinglass data, if Ethereum breaks through $4000, the cumulative short liquidation intensity of mainstream CEXs will reach $979 million.
Conversely, if Ethereum falls below $3800, the cumulative long liquidation intensity of mainstream CEXs will reach $917 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 indicate the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, the intensity.
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 more intense reaction due to a liquidity cascade when it reaches that point.
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