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ETH price fluctuation may trigger the liquidation of over 1.1 billion long orders, follow the $4400-$4700 range.
According to data from the data platform on August 15, if Ethereum falls below 4400 USD, the cumulative long order liquidation intensity on mainstream platforms will reach 1.191 billion.
Conversely, if Ethereum breaks through 4700 USD, the cumulative liquidation intensity of short orders on mainstream trading platforms will reach 928 million.
Note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of the contracts being liquidated. The bars on the liquidation chart actually represent the importance, or intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain position. A higher "liquidation column" indicates that once the price reaches it, there will be a stronger reaction due to the wave of liquidity.