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If Ethereum breaks $3,000, the total short liquidation pressure on mainstream CEXs will reach $762 million
BlockBeats News, December 27th, according to Coinglass data, if Ethereum breaks through $3000, the cumulative short liquidation intensity of mainstream CEX will reach 762 million.
Conversely, if Ethereum falls below $2850, the cumulative long liquidation intensity of mainstream CEX will reach 630 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, that is, 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 have a stronger reaction due to a liquidity surge once reached.
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