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If Ethereum breaks through its historical high, the cumulative short order liquidation intensity on mainstream CEX will reach 2.218 billion.
On August 14, according to Coinglass data, if Ethereum breaks through the historical high of $4868, the cumulative short order liquidation intensity of mainstream CEX will reach 2.218 billion. Conversely, if Ethereum falls below $4600, the cumulative long order liquidation intensity of mainstream CEX will reach 3.342 billion. BlockBeats note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the significance 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. Higher "liquidation bars" indicate that once the price reaches that level, it will trigger a stronger reaction due to liquidity waves.