BlockBeats News, October 6th, according to Coinglass data, if Ethereum breaks through $4700, the cumulative short liquidation intensity of mainstream CEX will reach $1.679 billion.
Conversely, if Ethereum falls below $4400, the cumulative long liquidation intensity of mainstream CEX will reach $1.525 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to nearby liquidation clusters, 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 when the price reaches that level, a more intense reaction will occur due to a liquidity cascade.
