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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Ethereum approaches historical highs, a breakthrough or fall may trigger 1.2 billion level liquidation.
[Coin World] On August 13, with Ethereum breaking through 4600 USD this morning, it is only 5.14% away from its historical high of 4868 USD. According to data from the data platform, if Ethereum breaks through 4868 USD, the cumulative short order liquidation intensity on mainstream trading platforms will reach 1.23 billion. Conversely, if Ethereum falls below 4500 USD, the cumulative long order liquidation intensity on mainstream trading platforms will reach 1.252 billion.
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 show the importance of each liquidation cluster relative to nearby liquidation clusters, that is, their strength. Therefore, the liquidation chart illustrates to what extent the underlying price will be affected when it reaches a certain position. A higher "liquidation bar" indicates that a stronger reaction will occur due to a wave of liquidity once the price reaches that point.