If Ethereum Breaks $4,000, Mainstream CEX Cumulative Short Liquidation Pressure Will Reach $677 Million

BlockBeats News, August 8th, according to Coinglass data, if Ethereum breaks above $4000, the cumulative short liquidation intensity of mainstream CEXs will reach 677 million.

Conversely, if Ethereum falls below $3800, the cumulative long liquidation intensity of mainstream CEXs will reach 1.247 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 the target price will be affected when it reaches a certain position. A higher "liquidation bar" indicates that the price reaching that level will trigger a stronger reaction due to a liquidity cascade.