On August 19, according to Coinglass data, if Ethereum falls below $4,100, the cumulative long liquidation intensity of mainstream CEXs will reach $1.392 billion.
Conversely, if Ethereum breaks through $4,400, the cumulative short liquidation intensity of mainstream CEXs will reach $1.564 billion.
BlockBeats Note: The liquidation chart does not show the precise number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster compared to neighboring clusters, i.e., intensity.
Therefore, the liquidation chart shows the extent to which the underlying price will be affected when it reaches a certain position. A higher "liquidation bar" indicates that when the price reaches that point, it will generate a more intense reaction due to the liquidity wave.
