If Ethereum breaks above $4550, the mainstream CEX cumulative short liquidation pressure will reach $1.421 billion.

BlockBeats News, August 16th, according to Coinglass data, if Ethereum breaks above $4550, the cumulative short liquidation strength of major CEXs will reach $1.421 billion.

Conversely, if Ethereum falls below $4350, the cumulative long liquidation strength of major CEXs will reach $1.263 billion.

BlockBeats Note: The liquidation chart does not show the exact number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to neighboring clusters, i.e., strength.

Therefore, the liquidation chart shows to what extent the target price reaching a certain position will be affected. Higher "liquidation bars" indicate that when the price reaches that point, a more intense reaction will occur due to a liquidity cascade.