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If Ethereum breaks through $4600, the cumulative short order liquidation intensity on mainstream CEX will reach 847 million.
On October 3, according to Coinglass data, if Ethereum breaks through $4600, the cumulative short order liquidation intensity on major CEXs will reach 847 million. Conversely, if Ethereum falls below $4400, the cumulative long order liquidation intensity on major CEXs will reach 1.236 billion. BlockBeats note: The liquidation chart does not show the exact number of contracts pending liquidation 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, that is, the intensity. Therefore, the liquidation chart illustrates to what extent the underlying price reaching a certain level will be affected. A higher "liquidation bar" indicates that the price will generate a stronger reaction due to a liquidity wave after reaching that point.