If Ethereum falls below $4000, the cumulative long order liquidation intensity of mainstream CEX will reach 1.223 billion.

On August 20, according to Coinglass data, if Ethereum falls below $4000, the cumulative long order liquidation intensity on mainstream CEX will reach 1.223 billion. Conversely, if Ethereum rebounds and breaks through $4300, the cumulative short order liquidation intensity on mainstream CEX will reach 1.336 billion. BlockBeats note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually show the significance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart illustrates how much the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches it, there will be a stronger reaction due to a wave of liquidity.