If Ethereum drops below $3700, the mainstream CEX long liquidation pressure will reach $4.08 billion

BlockBeats News, September 26th, according to Coinglass data, if Ethereum falls below $3700, the cumulative long liquidation intensity of mainstream CEXs will reach 408 million.

On the other hand, if Ethereum breaks above $4000, the cumulative short liquidation intensity of mainstream CEXs will reach 1.208 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 represent the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, intensity.

Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.