If Ethereum falls below $4400, the total Long Liquidation on major CEXs will reach $1.91 billion

BlockBeats News, August 15th, according to Coinglass data, if Ethereum falls below $4400, the cumulative long liquidation intensity of mainstream CEXs will reach $1.191 billion.

Conversely, if Ethereum surpasses $4700, the cumulative short liquidation intensity of mainstream CEXs will reach $928 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., intensity.

Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates a more intense reaction will occur due to a liquidity cascade once the price reaches that point.