Data: If Ethereum falls below $4600, the cumulative long liquidation intensity on major CEX will reach 726 million

ChainCatcher news, according to Coinglass data, if Ethereum falls below $4600, the cumulative long liquidation intensity on mainstream CEX will reach $726 million.

Conversely, if Ethereum breaks above $4800, the cumulative short liquidation intensity on mainstream CEX will reach $924 million.

ChainCatcher note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.