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If Ethereum breaks $4400, mainstream CEX total short liquidation volume will reach $928 million
BlockBeats News, August 11th, according to Coinglass data, if Ethereum breaks through $4400, the total short liquidation strength of mainstream CEXs will reach 928 million.
Conversely, if Ethereum drops below $4200, the total long liquidation strength of mainstream CEXs will reach 705 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 liquidation clusters, i.e., strength.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain position. A higher "liquidation bar" indicates that when the price reaches that point, a more intense reaction will occur due to a liquidity surge.
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