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If Ethereum breaks through $3200, the mainstream CEX cumulative short liquidation pressure will reach $907 million
BlockBeats News, January 3rd, according to Coinglass data, if Ethereum breaks through $3200, the cumulative short liquidation intensity of mainstream CEX will reach $907 million.
Conversely, if Ethereum falls below $3000, the cumulative long liquidation intensity of mainstream CEX will reach $916 million.
BlockBeats Note: The liquidation chart does not show 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 importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price, when reached, will experience a more intense response due to a liquidity surge.
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