If Ethereum breaks through $3900, the cumulative short order liquidation intensity on mainstream CEX will reach 740 million.

On July 27, according to Coinglass data, if Ethereum breaks through $3900, the cumulative short order liquidation intensity on major CEXs will reach 740 million. Conversely, if Ethereum falls below $3700, the cumulative long order liquidation intensity on major CEXs will reach 1.528 billion. BlockBeats notes: the liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that after the price reaches that point, there will be a stronger reaction due to liquidity waves.