BlockBeats News, October 12, according to Coinglass data, if Ethereum breaks through $4000, the cumulative short liquidation intensity of mainstream CEXes will reach 221 million.
Conversely, if Ethereum falls below $3900, the cumulative long liquidation intensity of mainstream CEXes will reach 185 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 relative importance of each liquidation cluster to the adjacent liquidation cluster, i.e., intensity.
Therefore, the liquidation chart shows to what extent the target price reaching a certain position will be affected. A higher “liquidation bar” indicates that the price reaching that level will trigger a more intense response due to a liquidity cascade.
