If Ethereum falls below $4200, the cumulative long liquidation intensity on mainstream CEX will reach 1.553 billion

ChainCatcher message, the cryptocurrency market continues its downward trend. According to Coinglass data, if Ethereum falls below $4200, the cumulative long liquidation intensity on major CEXs will reach $1.553 billion. Conversely, if Ethereum breaks above $4400, the cumulative short liquidation intensity on major CEXs will reach $940 million.

Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the 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 the extent to which the underlying price reaching a certain level 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.