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If Ethereum falls below $3600, the cumulative long liquidation on major CEXs will reach $1.79 billion.
BlockBeats News, July 23rd, according to Coinglass data, if Ethereum falls below $3600, the cumulative long liquidation intensity of mainstream CEXs will reach $1.79 billion.
Conversely, if Ethereum breaks above $3800, the cumulative short liquidation intensity of mainstream CEXs will reach $1.186 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 indicate the importance of each liquidation cluster relative to neighboring liquidation clusters, that is, the 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, once reached, will generate a stronger reaction due to a liquidity cascade.
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