BlockBeats news, on August 13, according to Coinglass data, if Ethereum breaks through its historical high, the cumulative short liquidation intensity on mainstream CEXs will reach 1.199 billion.
Conversely, if Ethereum drops below $4,550, the cumulative long liquidation intensity on mainstream CEXs will reach 2.128 billion.
BlockBeats note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the importance 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 position. A higher 'liquidation bar' indicates that once the price reaches that point, it will respond more strongly due to liquidity waves.
