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If Ethereum breaks $4500, the mainstream CEX total short liquidation value will reach $424 million.
BlockBeats News, August 21st, according to Coinglass data, if Ethereum breaks through $4500, the cumulative short liquidation intensity of mainstream CEXs will reach 424 million.
Conversely, if Ethereum drops below $4200, the cumulative long liquidation intensity of mainstream CEXs will reach 1.285 billion.
BlockBeats Note: The liquidation chart does not show 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 importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent reaching a certain price level will be affected. A higher "liquidation bar" indicates that the price reaching that level will have a more intense reaction due to a liquidity cascade.
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