If Ethereum drops below $4400, the mainstream CEX liquidation cascades will reach a total of $1.2 billion.

BlockBeats News, September 15th, according to Coinglass data, if Ethereum falls below $4400, the cumulative long liquidation strength of major CEXs will reach $1.2 billion.

Conversely, if Ethereum surpasses $4600, the cumulative short liquidation strength of major CEXs will reach $1.162 billion.

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

Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that point, a more intense reaction will occur due to a liquidity cascade.