BlockBeats News, September 21st, according to Coinglass data, if Ethereum breaks through $4600, the cumulative short liquidation strength of mainstream CEXs will reach 983 million.
On the other hand, if Ethereum falls below $4300, the cumulative long liquidation strength of mainstream CEXs will reach 963 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 show the importance of each liquidation cluster relative to neighboring clusters, or strength.
Therefore, the liquidation chart shows to what extent reaching a certain price level will be affected. A higher “liquidation bar” indicates that the price will have a more intense reaction due to a liquidity cascade when it reaches that level.
