If Ethereum Breaks $4000, Mainstream CEX Cumulative Short Liquidation Pressure Will Reach $663 Million

BlockBeats News, October 19th, according to Coinglass data, if Ethereum breaks through $4000, the cumulative short liquidation strength of mainstream CEXs will reach $663 million.

Conversely, if Ethereum falls below $3800, the cumulative long liquidation strength of mainstream CEXs will reach $516 million.

BlockBeats Note: The liquidation chart does not show 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 reaching a certain price level will impact. A higher "liquidation bar" indicates that the price reaching that level will trigger a stronger reaction due to a liquidity cascade.