BlockBeats News, August 21, according to Coinglass data, if Ethereum breaks through $4500, the cumulative short liquidation intensity on major CEX will reach $424 million.
Conversely, if Ethereum falls below $4200, the cumulative long liquidation intensity on major CEX will reach $1.285 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 represent the significance, or intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows the extent to which the target price reaching a certain position will be affected. A higher 'liquidation bar' indicates that there will be a stronger reaction due to liquidity waves after the price reaches that level.
