If Ethereum breaks above $4800, the mainstream CEX total short liquidation volume will reach 1.067 billion.

BlockBeats News, October 7th, according to Coinglass data, if Ethereum breaks through $4800, the total short liquidation strength of mainstream CEX will reach 1.067 billion.

Conversely, if Ethereum falls below $4600, the total long liquidation strength of mainstream CEX will reach 1.025 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 show the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., strength.

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