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If Ethereum breaks through 5000 USD, the cumulative short order liquidation intensity of mainstream CEX will reach 544 million.
On August 23, according to Coinglass data, if Ethereum breaks through $5000, the cumulative short order liquidation intensity on mainstream CEX will reach 544 million. Conversely, if Ethereum falls below $4500, the cumulative long order liquidation intensity on mainstream CEX will reach 2.512 billion. BlockBeats note: The liquidation chart does not represent the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain position. A higher "liquidation bar" indicates that there will be a stronger response due to liquidity waves once the price reaches that point.