If Ethereum drops below $4200, the cumulative long liquidation on major CEXs will reach $520 million.
Prefer us on GoogleBlockBeats News, August 18th, according to Coinglass data, if Ethereum falls below $4200, the cumulative long liquidation intensity of mainstream CEX will reach 520 million.
Conversely, if Ethereum breaks above $4450, the cumulative short liquidation intensity of mainstream CEX will reach 801 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent reaching a certain price level will impact. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.
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