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If Ethereum breaks through $3400, the mainstream CEX cumulated short liquidation pressure will reach 515 million.
BlockBeats News, December 10th, according to Coinglass data, if Ethereum breaks through $3400, the total short liquidation intensity of mainstream CEX will reach 515 million.
Conversely, if Ethereum falls below $3200, the total long liquidation intensity of mainstream CEX will reach 1.195 billion.
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 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 surge when it reaches that level.
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