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If Ethereum drops below $2,800, the mainstream CEX long liquidation amount will reach $796 million
BlockBeats News, December 25th, according to Coinglass data, if Ethereum falls below $2800, the cumulative long liquidation intensity of major CEXs will reach $796 million.
Conversely, if Ethereum breaks above $3100, the cumulative short liquidation intensity of major CEXs will reach $889 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent 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 will experience a more intense reaction due to a liquidity cascade.
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