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If Ethereum drops below $3,000, mainstream CEX long liquidation pressure will reach $882 million
BlockBeats News, January 10th, according to Coinglass data, if Ethereum falls below $3000, the cumulative long liquidation intensity of mainstream CEXs will reach $882 million.
Conversely, if Ethereum breaks above $3200, the cumulative short liquidation intensity of mainstream CEXs will reach $935 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring clusters, that is, intensity.
Therefore, the liquidation chart shows to what extent reaching a certain price level will be impacted. A higher "liquidation bar" indicates that once the price reaches that level, a more intense reaction will occur due to a liquidity cascade.
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