According to Coinglass data, if Ethereum crosses the $4,400 mark, the total intensity of short liquidations on the traditional CEX will reach $2.072 billion.🤑
Conversely, if Ethereum falls below the $4,000 mark, the total intensity of long liquidations on the traditional CEX will reach $1.202 billion.🤑
BlockBeats note: The liquidation chart does not indicate the exact number of contracts to be liquidated or their exact value. The bars on the chart actually represent the significance of each liquidation group in relation to neighboring liquidation groups, that is, the intensity.🤑
The liquidation chart thus indicates the extent to which the price of the underlying asset will be affected when it reaches a certain level. A higher liquidation bar indicates that once the price is reached, it will experience a more intense reaction due to a cascade of liquidations.🤑
