If Ethereum breaks through $4600, the mainstream CEX cumulative short liquidation intensity will reach $1.1 billion

BlockBeats News, August 18th, according to Coinglass data, if Ethereum breaks above $4600, the cumulative short liquidation intensity on mainstream CEXs will reach 1.1 billion.

On the contrary, if Ethereum falls below $4300, the cumulative long liquidation intensity on mainstream CEXs will reach 1.489 billion.

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 adjacent liquidation clusters, that is, intensity.

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, when reached, will have a more significant reaction due to a liquidity cascade.