BlockBeats News, August 18, according to Coinglass data, if Ethereum breaks through $4600, the cumulative short liquidation strength on mainstream CEX will reach 1.1 billion.
Conversely, if Ethereum drops below $4300, the cumulative long liquidation strength on mainstream CEX will reach 1.489 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 display the significance of each liquidation cluster relative to nearby liquidation clusters, i.e., their strength.
Therefore, the liquidation chart shows how much the underlying price reaching a certain position will be impacted. A higher 'liquidation bar' indicates that once the price reaches that point, there will be a stronger reaction due to the wave of liquidity.
