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If Ethereum falls below $3600, the cumulative long order liquidation intensity on mainstream CEX will reach 1.79 billion.
On July 23, according to Coinglass data, if Ethereum falls below $3600, the cumulative long order liquidation intensity on mainstream CEXs will reach 1.79 billion. Conversely, if Ethereum breaks above $3800, the cumulative short order liquidation intensity on mainstream CEXs will reach 1.186 billion. BlockBeats note: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually show the relative importance of each liquidation cluster to the nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart illustrates to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to liquidity waves.