If Ethereum breaks above $4550, the cumulative short liquidation pressure on major CEXs will reach $1.173 billion.

BlockBeats News, September 1st, according to Coinglass data, if Ethereum breaks through $4550, the total short liquidation strength of mainstream CEXs will reach 1.173 billion.

On the contrary, if Ethereum falls below $4400, the total long liquidation strength of mainstream CEXs will reach 1.012 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 show the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., the strength.

Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a stronger reaction due to a liquidity surge when it reaches that level.