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If Ethereum breaks above $4100, the mainstream CEX cumulative short liquidation pressure will reach $1.214 billion
BlockBeats News, October 29th, according to Coinglass data, if Ethereum breaks through $4100, the cumulative short liquidation intensity of mainstream CEX will reach 1.214 billion.
Conversely, if Ethereum falls below $3900, the cumulative long liquidation intensity of mainstream CEX will reach 0.879 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 indicate the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., 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 level.
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