BlockBeats News, August 8, according to Coinglass data, if Ethereum breaks through $4100, the cumulative short liquidation intensity on major CEXs will reach $864 million.
Conversely, if Ethereum falls below $3900, the cumulative long liquidation intensity on major CEXs will reach $668 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The pillars on the liquidation chart actually show the importance, or intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows to what extent the target price will be affected upon reaching a certain position. A higher 'liquidation pillar' indicates that there will be a stronger reaction due to liquidity waves when the price reaches that level.
