BlockBeats news, on August 23, according to Coinglass data, if Ethereum breaks through $5000, the cumulative short liquidation intensity on major CEXs will reach 544 million.
On the contrary, if Ethereum falls below $4500, the cumulative long liquidation intensity on major CEXs will reach 2.512 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 columns 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 position will be affected. A higher 'liquidation column' indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.
