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If Ethereum drops below $2,800, the mainstream CEX long liquidation pressure will reach $849 million.
BlockBeats News, December 16th, according to Coinglass data, if Ethereum falls below $2,800, the cumulative long liquidation intensity of mainstream CEXs will reach $849 million.
Conversely, if Ethereum breaks through $3,000, the cumulative short liquidation intensity of mainstream CEXs will reach $659 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 relative importance of each liquidation cluster to neighboring clusters, that is, the intensity.
Therefore, the liquidation chart shows to what extent the asset price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that once the price reaches that level, it will have a stronger reaction due to a liquidity cascade.
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