If Ethereum rebounds above $3,600, the cumulative short liquidation pressure on major CEXs will reach $807 million.

On November 4th, based on Coinglass data, if Ethereum rises above $3600, the cumulative short liquidation intensity of mainstream CEX will reach $807 million. Conversely, if Ethereum falls below $3400, the cumulative long liquidation intensity of mainstream CEX will reach $564 million. BlockBeats' Note: The liquidation chart does not display the exact number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to neighboring liquidation clusters, that is, intensity. Therefore, the liquidation chart shows at what level of the underlying asset price certain effects will be observed.