BlockBeats news, on August 24, according to Coinglass data, if Ethereum breaks through $4900, the cumulative short liquidation intensity on major CEX will reach 1.393 billion.
Conversely, if Ethereum falls below $4700, the cumulative long liquidation intensity on major CEX will reach 1.121 billion.
BlockBeats note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart show the relative importance of each liquidation cluster to nearby liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain position will be affected. Higher 'liquidation bars' indicate that once the price reaches that level, it will trigger a stronger reaction due to liquidity waves.
