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If Ethereum drops below $4200, the mainstream CEX long liquidation pressure will reach $1.103 billion
BlockBeats News, August 29th, according to Coinglass data, if Ethereum falls below $4200, the total long liquidation strength of mainstream CEXs will reach $1.103 billion.
Conversely, if Ethereum breaks above $4450, the total short liquidation strength of mainstream CEXs will reach $680 million.
BlockBeats Note: The liquidation chart does not provide an exact display of the number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to nearby liquidation clusters, that is, the strength. Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price, when reached, will experience a stronger reaction due to a liquidity cascade.
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