If Ethereum falls below $4200, the cumulative long liquidation intensity on major CEXs will reach $928 million

ChainCatcher message, the cryptocurrency market continues to decline. According to market news, if Ethereum falls below $4200, the cumulative long liquidation intensity of mainstream CEX will reach $928 million. Conversely, if Ethereum breaks above $4400, the cumulative short liquidation intensity of mainstream CEX will reach $539 million.

Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. 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 level will be affected. A higher "liquidation bar" indicates that once the price reaches that point, it will trigger a stronger reaction due to liquidity waves.