BlockBeats news, on August 10, according to Coinglass data, if Ethereum breaks through $4400, the cumulative short liquidation intensity on mainstream CEX will reach $1.240 billion.
Conversely, if Ethereum drops below $4100, the cumulative long liquidation intensity on mainstream CEX will be $3.257 billion.
BlockBeats note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of the contracts being liquidated. The pillars on the liquidation chart actually display the significance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows the extent to which the target price will be affected when it reaches a certain level. A higher 'liquidation pillar' indicates that once the price reaches that level, there will be a stronger reaction due to the liquidity wave.
