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If Ethereum Breaks All-Time High, Mainstream CEX Cumulative Short Liquidation Pressure Will Reach $1.199 Billion
BlockBeats News, August 13th, according to Coinglass data, if Ethereum breaks its all-time high, the total short liquidation intensity on mainstream CEXs will reach $1.199 billion.
Conversely, if Ethereum drops below $4550, the total long liquidation intensity on mainstream CEXs will reach $2.128 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts awaiting liquidation 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, i.e., intensity.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price, when reached, will have a more intense reaction due to a liquidity cascade.
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