BlockBeats News, October 5th, according to Coinglass data, if Ethereum breaks through $4700, the cumulative short liquidation intensity of mainstream CEXs will reach $1.373 billion.
On the other hand, if Ethereum falls below $4400, the cumulative long liquidation intensity of mainstream CEXs will reach $1.990 billion.
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 adjacent liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain position. A higher “liquidation bar” indicates that the price will experience a stronger reaction due to a liquidity cascade when it reaches that level.
