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If Ethereum breaks $3,000, the mainstream CEX total short liquidation volume will reach $794 million
BlockBeats News, November 26, according to Coinglass data, if Ethereum breaks through $3000, the cumulative short liquidation intensity on mainstream CEXs will reach $794 million.
Conversely, if Ethereum falls below $2850, the cumulative long liquidation intensity on mainstream CEXs will reach $426 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts awaiting liquidation or the exact value of contracts liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to neighboring clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a more intense reaction due to a liquidity cascade once it reaches that level.
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