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If Ethereum breaks through $4600, the cumulative short order liquidation intensity on mainstream CEX will reach 1.1 billion.
On August 18, according to Coinglass data, if Ethereum breaks through $4600, the cumulative short order liquidation intensity on mainstream CEX will reach 1.1 billion. Conversely, if Ethereum falls below $4300, the cumulative long order liquidation intensity on mainstream CEX will reach 1.489 billion. BlockBeats note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually display the importance of each liquidation cluster relative 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. A higher "liquidation bar" indicates that once the price hits that level, it will trigger a stronger reaction due to liquidity waves.