ChainCatcher message, according to Coinglass data, if Ethereum falls below $4600, the cumulative long liquidation intensity on mainstream CEX will reach $726 million.

Conversely, if Ethereum breaks above $4800, the cumulative short liquidation intensity on mainstream CEX will reach $924 million.

ChainCatcher note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the relative importance of each liquidation cluster to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart demonstrates to what extent the underlying price reaching a certain position will be affected. Higher "liquidation bars" indicate that after the price reaches that point, there will be a stronger reaction due to liquidity waves.