BlockBeats News, August 20, according to Coinglass data, if Ethereum breaks through $4300, the cumulative short liquidation intensity on major CEXs will reach $2.411 billion.
Conversely, if Ethereum falls below $4000, the cumulative long liquidation intensity on major CEXs will reach $1.314 billion.
BlockBeats Note: 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, or intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain level will be affected. A higher 'liquidation bar' indicates that once the price is reached, there will be a stronger reaction due to liquidity waves.
