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If Ethereum breaks above $3800, the mainstream CEX cumulative short liquidation force will reach $9.08 billion
BlockBeats News, August 7th, according to Coinglass data, if Ethereum breaks through $3800, the cumulative short liquidation intensity of mainstream CEXs will reach $908 million.
Conversely, if Ethereum falls below $3600, the cumulative long liquidation intensity of mainstream CEXs will reach $984 million.
BlockBeats Note: The liquidation chart does not accurately show the number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to neighboring liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the price of an asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price reaching that level will experience a more intense reaction due to a liquidity cascade.
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