BlockBeats News, August 24th, according to Coinglass data, if Ethereum breaks above $4900, the total short liquidation strength of mainstream CEXs will reach $1.393 billion.
Conversely, if Ethereum falls below $4700, the total long liquidation strength of mainstream CEXs will reach $1.121 billion.
BlockBeats Note: The liquidation chart does not show the precise number of contracts to be liquidated or the precise value of contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., the strength.
Therefore, the liquidation chart shows to what extent the target price reaching a certain level will be affected. A higher "liquidation bar" indicates that the price, when reached, will experience a more intense reaction due to a liquidity cascade.
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