BlockBeats News, on August 7, according to Coinglass data, if Ethereum breaks through $3800, the cumulative short liquidation intensity of major CEX will reach 908 million.
Conversely, if Ethereum falls below $3600, the cumulative long liquidation intensity of major CEX will reach 984 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to a liquidity wave.
