BlockBeats News, July 21, according to Coinglass data, if Ethereum breaks through $3900, the cumulative short liquidation strength on mainstream CEX will reach $1.562 billion.
Conversely, if Ethereum falls below $3700, the cumulative long liquidation strength on mainstream CEX will reach $1.095 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance, or strength, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows to what extent the underlying price reaching a certain level will be affected. A higher 'liquidation bar' indicates that once the price reaches that point, it will generate a stronger reaction due to a wave of liquidity.
