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If Ethereum surpasses $4550, the mainstream CEX cumulative short liquidation pressure will reach $1.173 billion
BlockBeats News, September 1st, according to Coinglass data, if Ethereum breaks through $4550, the total short liquidation strength of mainstream CEX will reach 1.173 billion.
Conversely, if Ethereum falls below $4400, the total long liquidation strength of mainstream CEX will reach 1.012 billion.
BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to adjacent clusters, i.e., the strength.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain position. Higher "liquidation bars" indicate that the price, when reached, will experience a more intense response due to a liquidity cascade.
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