If Ethereum surpasses $4700, the mainstream CEX cumulative short liquidation pressure will reach $1.186 billion

BlockBeats News, September 18th, according to Coinglass data, if Ethereum breaks through $4700, the cumulative short liquidation intensity of mainstream CEXs will reach $1.186 billion.

Conversely, if Ethereum falls below $4500, the cumulative long liquidation intensity of mainstream CEXs will reach $1.023 billion.

BlockBeats Note: The liquidation chart does not precisely display 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 relevance of each liquidation cluster to neighboring clusters, that is, the intensity.

Therefore, the liquidation chart shows to what extent the target price reaching a certain position will be impacted. A higher "liquidation bar" indicates that when the price reaches that point, a more intense reaction will occur due to a liquidity cascade.