If Ethereum falls below $3,700, the cumulative long liquidation intensity on major CEXs will reach $722 millions.

BlockBeats News, October 30, according to Coinglass data, if Ethereum falls below $3,700, the cumulative long liquidation intensity on major CEXs will reach 722 millions.

Conversely, if Ethereum breaks through $4,000, the cumulative short liquidation intensity on major CEXs will reach 1.623 billions.

BlockBeats note: The liquidation chart does not show the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance, or intensity, of each liquidation cluster compared to nearby clusters.

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 level, there will be a stronger reaction due to a wave of liquidity.