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If Ethereum drops below $4,000, the cumulative long liquidation pressure from major CEXs will reach $1.841 billion
BlockBeats News, August 20th, according to Coinglass data, if Ethereum falls below $4000, the cumulative long liquidation intensity of mainstream CEX will reach $1.841 billion.
On the other hand, if Ethereum rebounds above $4300, the cumulative short liquidation intensity of mainstream CEX will reach $1.88 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the precise value of contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain position. Higher "liquidation bars" indicate that the price will have a stronger reaction due to a liquidity cascade when it reaches that point.
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In the past 1 hour, there has been a total of $153 million in liquidations across the entire network, with long positions being the primary contributors to the liquidation cascade.
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