BlockBeats News, October 7th, according to Coinglass data, if Ethereum breaks through $4800, the cumulative short liquidation intensity of mainstream CEX will reach $1.067 billion.
On the contrary, if Ethereum falls below $4600, the cumulative long liquidation intensity of mainstream CEX will reach $1.025 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, the intensity.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain level. A higher “liquidation bar” indicates that the price will have a more intense reaction due to a liquidity cascade when it reaches that point.
