If Ethereum surpasses $4900, the mainstream CEX cumulative short liquidation pressure will reach $1.393 billion.

On August 24th, based on Coinglass data, if Ethereum surges above $4900, the total short liquidation intensity of mainstream CEXs will amount to $1.393 billion. Conversely, if Ethereum drops below $4700, the total long liquidation intensity of mainstream CEXs will reach $1.121 billion. BlockBeats Notes: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, the strength. Therefore, the liquidation chart shows the extent to which the target price reaching a certain level will be influenced. A higher "liquidation bar" indicates that when the price reaches that level, it will experience a more intense reaction due to a liquidity avalanche.