If Ethereum drops below $4400, the mainstream CEX liquidation cascades will reach a total of $1.2 billion.

On September 15th, based on Coinglass data, if Ethereum drops below $4400, the cumulative liquidation strength of major CEXs in terms of long positions will reach $1.2 billion. Conversely, if Ethereum goes above $4600, the cumulative liquidation strength of major CEXs in terms of short positions will reach $1.162 billion. BlockBeats Note: The liquidation chart does not provide the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent clusters, that is, the strength. Therefore, the liquidation chart shows to what extent the price of the underlying asset will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that point, a more intense reaction will occur due to a liquidity avalanche.