On August 23, according to Coinglass data, if Ethereum breaks through $5,000, the cumulative short position liquidation intensity of mainstream CEX will reach 544 million.
On the contrary, if Ethereum falls below $4,500, the cumulative long order liquidation intensity of mainstream CEX will reach 2.512 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of contracts liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to the adjacent liquidation clusters, i.e., the strength.
Therefore, the liquidation chart shows the extent to which the underlying price will be affected when it reaches a certain level. A higher “liquidation bar” indicates that the price will react more strongly to the liquidity surge after reaching that level.
