If Ethereum breaks above $4600, the mainstream CEX cumulative short liquidation strength will reach $847 million

BlockBeats News, October 3rd, according to Coinglass data, if Ethereum breaks through $4600, the cumulative short liquidation strength of mainstream CEX will reach 847 million.

On the other hand, if Ethereum falls below $4400, the cumulative long liquidation strength of mainstream CEX will reach 1.236 billion.

BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, that is, the strength.

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 that the price will experience a more intense reaction due to a liquidity cascade when it reaches that level.