If Ethereum falls below 4000 USD, the cumulative long order liquidation intensity of mainstream CEX will reach 1.841 billion.

On August 20, according to Coinglass data, if Ethereum falls below $4000, the cumulative long order liquidation intensity of mainstream CEX will reach 1.841 billion. Conversely, if Ethereum rises above $4300, the cumulative short order liquidation intensity of mainstream CEX will reach 1.88 billion. BlockBeats note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Thus, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that point, it will trigger a stronger reaction due to liquidity waves.