According to Coinglass data, if Ethereum breaks through $3800, the cumulative short liquidation intensity of mainstream CEX will reach 769 million. Conversely, if Ethereum falls below $3600, the cumulative long liquidation intensity of mainstream CEX will reach 458 million. It should be noted that the liquidation chart does not show the exact number of contracts waiting to be liquidated, or the exact value of contracts that have been liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, intensity. Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain position. Higher "liquidation bars" indicate that there will be a stronger reaction due to the liquidity wave when the price reaches that point.

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