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If Ethereum breaks through $3800, the cumulative short order liquidation intensity on mainstream CEX will reach 908 million.
On August 7, according to Coinglass data, if Ethereum breaks through $3800, the cumulative short order liquidation intensity on mainstream CEX will reach 908 million. Conversely, if Ethereum falls below $3600, the cumulative long order liquidation intensity on mainstream CEX will reach 984 million. BlockBeats note: The liquidation chart does not show the exact number of contracts waiting to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.