BlockBeats News, September 16th, according to Coinglass data, if Ethereum drops below $4300, the cumulative long liquidation strength of mainstream CEXs will reach $911 million.
Conversely, if Ethereum surpasses $4500, the cumulative short liquidation strength of mainstream CEXs will reach $661 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to nearby clusters, i.e., strength.
Therefore, the liquidation chart shows to what extent the price of an asset will be affected when it reaches a certain level. Higher “liquidation bars” indicate that when the price reaches that level, a more intense reaction will occur due to a liquidity cascade.
