ChainCatcher news, according to Coinglass data, if Ethereum falls below $4000, the cumulative long liquidation intensity on mainstream CEXs will reach $1.223 billion.

Conversely, if Ethereum rises above $4300, the cumulative short liquidation intensity on mainstream CEXs will reach $1.336 billion.

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 demonstrates the extent to which the target price reaching a certain level will be affected. Higher 'liquidation bars' indicate that once the price reaches that point, there will be a stronger reaction due to liquidity waves.