BlockBeats News, September 29th, according to Coinglass data, if Ethereum rebounds above $4300, the cumulative short liquidation strength of mainstream CEXs will reach $755 million.
Conversely, if Ethereum falls below $4100, the cumulative long liquidation strength of mainstream CEXs will reach $352 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts waiting 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 neighboring liquidation clusters, i.e., the strength.
Therefore, the liquidation chart shows to what extent the price of an asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.