If Ethereum drops below $4200, the mainstream CEX long liquidation volume will reach $1.53 billion

BlockBeats News, September 3rd, the cryptocurrency market continued its downward trend. According to Coinglass data, if Ethereum falls below $4200, the total long liquidation strength of mainstream CEXs will reach $1.553 billion.

Conversely, if Ethereum breaks through $4400, the total short liquidation strength of mainstream CEXs will reach $940 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, known as strength. Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price will experience a more intense reaction due to a liquidity cascade.