BlockBeats News, October 12th, according to Coinglass data, if Ethereum breaks above $3900, the cumulative short liquidation intensity on major CEXs will reach $909 million.
Conversely, if Ethereum falls below $3700, the cumulative long liquidation intensity on major CEXs will reach $473 million.
BlockBeats Note: The liquidation chart does not precisely show the number of contracts awaiting liquidation or the precise value of contracts that have been liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent reaching a certain price level will impact the market. A higher “liquidation bar” indicates that once the price reaches that level, it will trigger a more intense reaction due to a liquidity cascade.
