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If Ethereum drops below $4200, the overall Long/Short ratio on mainstream CEXs will reach a liquidation volume of 928 million dollars.
BlockBeats News, September 2nd: The cryptocurrency market continued to decline. According to Coinglass data, if Ethereum falls below $4200, the cumulative long liquidation strength of mainstream CEXs will reach $928 million.
Conversely, if Ethereum breaks above $4400, the cumulative short liquidation strength of mainstream CEXs will reach $539 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 neighboring clusters, that is, the 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 the price will have a more intense reaction due to a liquidity cascade.
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