ChainCatcher News, according to Coinglass data, if Ethereum breaks through $5000, the cumulative liquidation intensity of short positions on mainstream CEXs will reach $544 million.

Conversely, if Ethereum falls below $4500, the cumulative liquidation intensity of long positions on mainstream CEXs will reach $2.512 billion.

ChainCatcher Note: The liquidation chart does not represent the exact number of contracts pending liquidation or the exact value of 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 underlying price reaching a certain position will be affected. A higher 'liquidation bar' indicates that once the price reaches it, there will be a stronger reaction due to the liquidity wave.