If Ethereum drops below $4600, the total long liquidation on major CEXs will reach $2.401 billion.

BlockBeats News, August 23rd, according to Coinglass data, if Ethereum falls below $4600, the cumulative long liquidation intensity of mainstream CEXs will reach $2.401 billion.

Conversely, if Ethereum surpasses $4900, the cumulative short liquidation intensity of mainstream CEXs will reach $1.540 billion.

BlockBeats Note: The liquidation chart does not precisely show the 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 adjacent liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price, when reached, will experience a more intense reaction due to a liquidity cascade.