According to Coinglass data, if Ethereum breaks through $3,800, the cumulative short order clearing strength of the mainstream CEX will reach 769 million. On the contrary, if Ethereum falls below $3,600, the cumulative multi-order clearing strength of the mainstream CEX will reach 458 million.
It is important to note that the clearing chart does not show the exact number of contracts to be liquidated, or the exact value of the contracts to be liquidated. The columns on the clearing chart show the importance, i.e. strength, of each clearing cluster relative to the adjacent clearing clusters. Therefore, the clearing chart shows the extent to which the underlying price will be affected when it reaches a certain level. A higher'clearing bar 'indicates that the price will respond more strongly to the liquidity wave when it arrives.
If Ethereum breaks through $3,800, the cumulative short order clearing strength of mainstream CEX will reach 769 million
2024-11-30 12:47:11
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